IDEAS home Printed from https://ideas.repec.org/a/kap/jrisku/v11y1995i3p205-17.html
   My bibliography  Save this article

Risk-Taking Activities and Heterogeneity of Job-Risk Tradeoffs

Author

Listed:
  • Hersch, Joni
  • Pickton, Todd S

Abstract

Using data from a large national sample, this article examines how individual differences in risk attitudes affect wage-risk tradeoffs. Smoking and seat belt use are used as proxies for individual willingness to bear risk. Workers who by their behavior indicate a high value of safety - e.g., nonsmokers and seat belt wearers - receive a higher compensating differential per unit of job risk than do workers who engage in either one of the risky behaviors. For the overall sample, the implicit value of a lost workday injury is $79,632. This value ranges from $54,878 for smokers who do not wear a seat belt, to $102,552 for nonsmokers who wear a seat belt. Copyright 1995 by Kluwer Academic Publishers

Suggested Citation

  • Hersch, Joni & Pickton, Todd S, 1995. "Risk-Taking Activities and Heterogeneity of Job-Risk Tradeoffs," Journal of Risk and Uncertainty, Springer, vol. 11(3), pages 205-217, December.
    • Handle: RePEc:kap:jrisku:v:11:y:1995:i:3:p:205-17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Hammitt & Jin-Tan Liu, 2004. "Effects of Disease Type and Latency on the Value of Mortality Risk," Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 73-95, January.
    2. Sarah Brown & Lisa Farrell & Mark N. Harris & John G. Sessions, 2006. "Risk preference and employment contract type," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 169(4), pages 849-863, October.
    3. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    4. Philip J. Cook & Rebecca Hutchinson, 2006. "Smoke Signals: Adolescent Smoking and School Continuation," NBER Working Papers 12472, National Bureau of Economic Research, Inc.
    5. Mary Riddel & Sonja Kolstoe, 2013. "Heterogeneity in life-duration preferences: Are risky recreationists really more risk loving?," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 191-213, April.
    6. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée.
    7. Haque, Samiul & Abedin, Naveen & Fakir, Adnan M. S. & Hannan, Rafe & Alam, Rafa, 2019. "Effects of smoking on agricultural productivity," 2019 Annual Meeting, July 21-23, Atlanta, Georgia 291149, Agricultural and Applied Economics Association.
    8. Dobis, Elizabeth A. & Stephens, Heather M. & Skidmore, Mark & Goetz, Stephan J., 2020. "Explaining the spatial variation in American life expectancy," Social Science & Medicine, Elsevier, vol. 246(C).
    9. Nastis, Stefanos A. & Michailidis, Anastasios, 2010. "Hazardous Agrochemicals, Smoking, and Farmers’ Differences in Wage-Risk Tradeoffs," 120th Seminar, September 2-4, 2010, Chania, Crete 109389, European Association of Agricultural Economists.
    10. Thomas DeLeire & Shakeeb Khan & Christopher Timmins, 2013. "Roy Model Sorting And Nonrandom Selection In The Valuation Of A Statistical Life," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(1), pages 279-306, February.
    11. Barbosa, Estela Capelas & Cookson, Richard, 2019. "Multiple inequity in health care: An example from Brazil," Social Science & Medicine, Elsevier, vol. 228(C), pages 1-8.
    12. C Green & J S Heywood, 2007. "Does profit sharing increase training by reducing turnover?," Working Papers 589032, Lancaster University Management School, Economics Department.
    13. Haynes, Jonathan B. & Sessions, John G., 2013. "Work now, pay later? An empirical analysis of the pension–pay trade off," Economic Modelling, Elsevier, vol. 30(C), pages 835-843.
    14. DeSimone, Jeff, 2007. "Fraternity membership and binge drinking," Journal of Health Economics, Elsevier, vol. 26(5), pages 950-967, September.
    15. Sarah Brown & Michael Dietrich & Aurora Ortiz & Karl Taylor, 2007. "Self-Employment and Risk Preference," Working Papers 2007008, The University of Sheffield, Department of Economics.
    16. Adams, Scott & Bose, Niloy & Rustichini, Aldo, 2014. "How different are smokers? An analysis based on personal finances," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PA), pages 40-50.
    17. Denzil Fiebig & Elizabeth Savage & Rosalie Viney, 2006. "Does the reason for buying health insurance influence behaviour? CHERE Working Paper 2006/1," Working Papers 2006/1, CHERE, University of Technology, Sydney.
    18. Stefanos A. Nastis & Konstadinos Mattas & George Baourakis, 2019. "Understanding Farmers’ Behavior towards Sustainable Practices and Their Perceptions of Risk," Sustainability, MDPI, vol. 11(5), pages 1-13, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jrisku:v:11:y:1995:i:3:p:205-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.