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Are dangerous jobs paid better? European evidence

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Georgantzis, N. and Vasileiou, E. (2013) Are dangerous jobs paid better? European evidence. Research in Labor Economics, 38. pp. 163-192. ISSN 0147-9121

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To link to this item DOI: 10.1108/S0147-9121(2013)0000038005

Abstract/Summary

This article tests whether workers are indifferent between risky and safe jobs provided that, in labour market equilibrium, wages should serve as a utility equalizing device. Workers’ preferences are elicited through a partial measure of overall job satisfaction: satisfaction with job-related risk. Given that selectivity turns out to be important, we use selectivity corrected models. Results show that wage differentials do not exclusively compensate workers for being in dangerous jobs. However, as job characteristics are substitutable in workers’ utility, they could feel satisfied, even if they were not fully compensated financially for working in dangerous jobs.

Item Type:Article
Refereed:Yes
Divisions:Faculty of Life Sciences > School of Agriculture, Policy and Development > Economic and Social Sciences Division > Food Economics and Marketing (FEM)
ID Code:36015
Publisher:Emerald

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