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Do the near-elderly value mortality risks differently?

Publication ,  Journal Article
Smith, VK; Evans, MF; Kim, H; Taylor, DH
Published in: Review of Economics and Statistics
February 1, 2004

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.

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Published In

Review of Economics and Statistics

DOI

ISSN

0034-6535

Publication Date

February 1, 2004

Volume

86

Issue

1

Start / End Page

423 / 429

Related Subject Headings

  • Economics
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1403 Econometrics
  • 1402 Applied Economics
 

Citation

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Smith, V. K., Evans, M. F., Kim, H., & Taylor, D. H. (2004). Do the near-elderly value mortality risks differently? Review of Economics and Statistics, 86(1), 423–429. https://doi.org/10.1162/003465304774201842
Smith, V. K., M. F. Evans, H. Kim, and D. H. Taylor. “Do the near-elderly value mortality risks differently?Review of Economics and Statistics 86, no. 1 (February 1, 2004): 423–29. https://doi.org/10.1162/003465304774201842.
Smith VK, Evans MF, Kim H, Taylor DH. Do the near-elderly value mortality risks differently? Review of Economics and Statistics. 2004 Feb 1;86(1):423–9.
Smith, V. K., et al. “Do the near-elderly value mortality risks differently?Review of Economics and Statistics, vol. 86, no. 1, Feb. 2004, pp. 423–29. Scopus, doi:10.1162/003465304774201842.
Smith VK, Evans MF, Kim H, Taylor DH. Do the near-elderly value mortality risks differently? Review of Economics and Statistics. 2004 Feb 1;86(1):423–429.
Journal cover image

Published In

Review of Economics and Statistics

DOI

ISSN

0034-6535

Publication Date

February 1, 2004

Volume

86

Issue

1

Start / End Page

423 / 429

Related Subject Headings

  • Economics
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1403 Econometrics
  • 1402 Applied Economics