Do the near-elderly value mortality risks differently?

Journal Article

Wage hedonic models are estimated with the Health and Retirement Study to measure the risk-wage tradeoffs (value of statistical lives) for older workers. The analysis explicitly allows for multiple employment states, including retirement, using a multinomial selection model. The results suggest that the oldest and most risk-averse workers require significantly higher, not lower, compensation to accept increases in job-related fatality risks.

Full Text

Duke Authors

Cited Authors

  • Smith, VK; Evans, MF; Kim, H; Jr, DHT

Published Date

  • 2004

Published In

Volume / Issue

  • 86 / 1

Start / End Page

  • 423 - 429

International Standard Serial Number (ISSN)

  • 0034-6535

Digital Object Identifier (DOI)

  • 10.1162/003465304774201842