Do the Near-Elderly Value Mortality Risks Differently
Bibliographic Data
| ID | 19320015 |
|---|---|
| Authors | V Kerry Smith (0000-0002-3908-7241, North Carolina State University), Mary F Evans (0000-0003-3812-5848, University of Tennessee at Knoxville), Hyun Kim (0000-0002-7637-678X, Portland State University), Drew Hayden Taylor (0000-0003-1450-3146, Duke University), Donald H Taylor |
| Year | 2004 |
| Volume | 86 |
| Issue | 1 |
| Pages | 423-429 |
| Publication date | 2004-02-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/003465304774201842 |
| OpenAlex | W2066630532 |
| Language | EN |
| Citations received | 7 |
| References cited | 11 |
Wage hedonic models are estimated with the Health and Retirement Study to measure the risk-wage tradeoffs (value of statistical lives) for older workers. The analysis explicitly allows for multiple employment states, including retirement, using a multinomial selection model. The results suggest that the oldest and most risk-averse workers require significantly higher, not lower, compensation to accept increases in job-related fatality risks. 2004 President and Fellows of Harvard College and the Massachusetts Institute of Technology. Classification-JEL: I12
Economics · Statistics · Value (mathematics) · Global Health Care Issues · Insurance, Mortality, Demography, Risk Management · Mathematics · Retirement, Disability, and Employment
Preference Parameters and Behavioral Heterogeneity
The Value of a Statistical Life
An Overview of the Health and Retirement Study
Generalized Econometric Models with Selectivity
An Econometric Analysis of Residential Electric Appliance Holdings and Consumption
What determines the value of life? a meta‐analysis
| Citations per year | 0.35 |
|---|---|
| Citation span | 2006 - 2024 (19) |
| Highly cited | No |