The Value of a Statistical Injury: New Evidence from the Swiss Labor Market

24 Pages Posted: 15 Oct 2009

See all articles by Andreas Kuhn

Andreas Kuhn

University of Zurich; IZA Institute of Labor Economics

Oliver Ruf

University of Zurich

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Abstract

We study the monetary compensation for non-fatal accident risk in Switzerland using the number of accidents within cells defined over industry x skill-level of the job and capitalizing on the partial panel structure of our data which allows us to empirically isolate the wage component specific to the employer. Our results show that using accident risk at a lower level of aggregation, using narrower samples of workers, and using the wage component that is specific to the firm all yield higher estimates of risk compensation. Our preferred estimate gives an estimate of about 36,000 Swiss francs per prevented injury per year.

Keywords: compensating wage differentials, value of a statistical injury, risk measurement

JEL Classification: J17, J28, J31

Suggested Citation

Kuhn, Andreas and Ruf, Oliver, The Value of a Statistical Injury: New Evidence from the Swiss Labor Market. IZA Discussion Paper No. 4409, Available at SSRN: https://ssrn.com/abstract=1489232

Andreas Kuhn

University of Zurich ( email )

Bluemlisalpstrasse 10
Zurich, 8006
Switzerland

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Oliver Ruf

University of Zurich ( email )

Bl├╝mlisalpstrasse 10
Zurich 8006
Switzerland

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