TY  - JOUR
PY  - 2004//
TI  - The value of life: Estimates with risks by occupation and industry
JO  - Economic inquiry
A1  - Viscusi, W. Kip
SP  - 29
EP  - 48
VL  - 42
IS  - 1
N2  - 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 />
LA  - 
SN  - 0095-2583
UR  - http://dx.doi.org/
ID  - ref1
ER  -