@article{ref1,
title="The value of life: Estimates with risks by occupation and industry",
journal="Economic inquiry",
year="2004",
author="Viscusi, W. Kip",
volume="42",
number="1",
pages="29-48",
abstract="The worker fatality risk variable constructed for this article uses BLS data on total worker deaths by both occupation and industry over the 1992-97 period rather than death risks by occupation or industry alone, as in past studies. The subsequent estimates using 1997 CPS data indicate a value of life of $4.7 million for the full sample, $7.0 million for blue-collar males, and $8.5 million for blue-collar females. Unlike previous estimates, these values account for the influence of clustering of the job risk variable and compensating differentials for both workers' compensation and nonfatal job risks.<p />",
language="",
issn="0095-2583",
doi="",
url="http://dx.doi.org/"
}