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- W2367112596 abstract "This paper aims to estimate the Value of a Statistical Life(VSL) in China using the 2005 Inter-Census 1% Population Survey data based on the standard hedonic wage method,and to explore the systematic regional difference in VSL within the country.Our results indicate that the industry mortality risk has a significant impact on the wage rate.The implied value of life is estimated to be 1.81 million RMB(approximately 0.19 million 2000 US dollars),which is substantially higher than the previous estimates seen in international literature.The results also suggest that sizable difference exists in the value of life between the urban and rural population,with the urban VSL about 4.3 times higher than the rural estimate.It reflects the serious urban-rural inequality in income and a division between the two sectors’ labor markets.As this is the first attempt in the literature to estimate the value of life in China using the national population survey data,and several important improvements have been made on the regression model compared with the previous studies,our paper provides important policy implication on reforming the fatal accident compensation laws and strengthening the rural labor market system." @default.
- W2367112596 created "2016-06-24" @default.
- W2367112596 creator A5006817139 @default.
- W2367112596 date "2010-01-01" @default.
- W2367112596 modified "2023-09-23" @default.
- W2367112596 title "The Value of Life and Its Regional Difference: Evidence from China Inter-Census Population Survey" @default.
- W2367112596 hasPublicationYear "2010" @default.
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