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- W2063010032 abstract "This article develops the first measures of age-industry job risks to examine the age variations in the value of statistical life. Because of the greater risk vulnerability of older workers, they face flatter wage-risk gradients than younger workers, which we show to be the case empirically. Accounting for this heterogeneity in hedonic market equilibria leads to estimates of the value of statistical life-age relationship that follows an inverted-U shape. The estimates of the value of statistical life range from $6.4 million for younger workers to a peak of $9.0 million for those age 35-44, and then a decline to $3.7 million for those age 55-62. The decline of the estimated VSL with age is consistent with there being some senior discount in the Clear Skies Initiative analysis." @default.
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- W2063010032 date "2006-01-01" @default.
- W2063010032 modified "2023-09-23" @default.
- W2063010032 title "Labor Market Estimates of the Senior Discount for the Value of Statistical Life" @default.
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- W2063010032 doi "https://doi.org/10.2139/ssrn.887180" @default.
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