Estimated hedonic wage function and value of life in a developing country

Jin Tan Liu, James K. Hammitt, Jin Long Liu

Research output: Contribution to journalArticlepeer-review

82 Scopus citations

Abstract

This paper reports the first study of compensating wage differentials for work-related fatalities in a developing country. Using data from the 1982-1986 Taiwan labor surveys, statistically significant compensating wage differentials are found. The implied value of life is US$413 000 (corrected for selectivity bias) and US$461 000 (uncorrected) in 1990 dollars.

Original languageEnglish
Pages (from-to)353-358
Number of pages6
JournalEconomics Letters
Volume57
Issue number3
DOIs
StatePublished - 19 Dec 1997

Keywords

  • Compensating wage differentials
  • Value of life

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