There are a variety of ways economists can try to measure the willingness to pay to...

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There are a variety of ways economists can try to measure the willingness to pay to avoid risks to health and life. One method is to examine wage differentials across occupations and industries that are associated with measurable risks to health and life, after controlling for worker characteristics. Discuss this. Do you believe it? Reference the work of DeLeire and Levy (2004), who show that single moms and dads appear to be the most averse to on-the-job risk. There are a variety of ways economists can try to measure the willingness to pay to avoid risks to health and life. One method is to examine wage differentials across occupations and industries that are associated with measurable risks to health and life, after controlling for worker characteristics. Discuss this. Do you believe it? Reference the work of DeLeire and Levy (2004), who show that single moms and dads appear to be the most averse to on-the-job risk.

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Willingness to Pay for Safety Examining Wages Across Risks Economists use various methods to gauge how much people value avoiding health and life risk... View the full answer