Are Workers Sufficiently Compensated for Being in a Dangerous Job? Evidence from the European Labor Market

40 Pages Posted: 10 Jun 2009

See all articles by Efi Vasileiou

Efi Vasileiou

Université Paris II - Panthéon-Assas

Date Written: June 8, 2009

Abstract

This article tests whether or not workers are indifferent between risky and safe jobs in labor market equilibrium as long as wages serve as a utility equalizing device. Using a partial measure of overall job satisfaction - satisfaction with the job related risk - it examines whether or not the wage differentials act as a utility equalizing device on only one job characteristic: the job risk. It uses selectivity corrected models. It turns out that it is important to adjust for selectivity. Results show that wage differentials do not exclusively compensate for workers being in dangerous jobs.

Keywords: Satisfaction with Job Risk, Compensating Wage Differentials, Dangerous Job

JEL Classification: C23, J31

Suggested Citation

Vasileiou, Efi, Are Workers Sufficiently Compensated for Being in a Dangerous Job? Evidence from the European Labor Market (June 8, 2009). Available at SSRN: https://ssrn.com/abstract=1416470 or http://dx.doi.org/10.2139/ssrn.1416470

Efi Vasileiou (Contact Author)

Université Paris II - Panthéon-Assas ( email )

Greece

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
56
Abstract Views
679
rank
440,941
PlumX Metrics