Markets and Mortality

Dorman, Peter

doi:10.1017/cbo9780511628382

Cited by 56 publications

(15 citation statements)

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“…One critique concerns the rationality assumption underlying worker choice (Leigh, 1991;Dorman, 1996). The simplest form of the theory and the empirical results assume that workers are fully informed and rational, at least for the "marginal, willing and able to change job" individual.…”

Section: Criticisms Of the Compensating Differentials Literaturementioning

confidence: 99%

The Economics of Occupational Safety and Health

Ruser

2009

FNT in Microeconomics

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Section: Criticisms Of the Compensating Differentials Literaturementioning

confidence: 99%

The Economics of Occupational Safety and Health

Ruser

2009

FNT in Microeconomics

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“…Smith (1976) 5.7 million Viscusi (1981) 7.9 million Leigh and Folsom (1984) 11.7 million Leigh (1987) 12.6 million Garen (1988) 16 (Kniesner et al, 2012). Despite the widespread use of VSL, based on the relevant research, there remains considerable controversy about whether the resulting figures actually capture people's informed choices, and whether other methods might be preferable (Adler, 2011;Ashenfelter and Greenstone, 2002;Bronsteen, Buccafusco, and Masur, 2013;Dorman, 1996;Droman and Hagstrom, 1998). I will not explore that controversy in detail here (though some of the discussion will bear on it).…”

Section: Vsl (In Us$)mentioning

confidence: 99%

The value of a statistical life: some clarifications and puzzles

Sunstein¹

2013

J Benefit Cost Analysis

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Many people have wondered why the US government conducts cost-benefit analysis with close reference to the value of a statistical life (VSL). It is helpful to answer that question by reference to the "Easy Cases," in which those who benefit from regulatory protection must pay for it. In such cases, WTP is usually the right foundation for VSL, because beneficiaries are hardly helped by being forced to pay for regulatory protection that they believe not to be in their interests. In the Easy Cases, arguments from both welfare and autonomy support the use of WTP and VSL (with potentially important qualifications involving imperfect information and behavioral market failures). The analysis is less straightforward in harder cases, in which beneficiaries do not pay for all of the cost of what they receive (and may pay little of that cost). In such cases, arguments from welfare and autonomy might not lead in any clear direction. In the harder cases, regulation might be justified on welfare grounds even if the cost-benefit analysis (based on VSL) suggests that it is not. In principle, a direct inquiry into welfare (the master concept) would be preferable to use of cost-benefit analysis. In the harder cases, distributional considerations might also count in favor of proceeding (as prioritarianism suggests). But at the current time, direct inquiries into welfare consequences and into distributional effects are challenging in practice, and hence regulators should generally rely on cost-benefit analysis, making welfarist adjustments, or adjustments based on distributional considerations, only in compelling cases.

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“…The theory of the compensating wage differential assumes that these workers receive wages that reflect their acceptance of working conditions. Those who are less risk-averse are paid correspondingly for jobs that are risky or have bad working conditions (Dorman 1996). But the idea of compensating wages implies that workers are aware of and accept the risks of their occupation.…”

Section: Protection Through the Free Marketmentioning

confidence: 99%

Pesticide Policy and Farmworker Health

Flocks¹

2009

Reviews on Environmental Health

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Markets and Mortality

Cited by 56 publications

References 0 publications

The Economics of Occupational Safety and Health

The Economics of Occupational Safety and Health

The value of a statistical life: some clarifications and puzzles

Pesticide Policy and Farmworker Health

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