%0 Journal Article
%T The value of life: Estimates with risks by occupation and industry
%J Economic inquiry
%D 2004
%A Viscusi, W. Kip
%V 42
%N 1
%P 29-48
%X 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 />
%G 
%I John Wiley and Sons
%@ 0095-2583
%U http://dx.doi.org/