The implicit value of life in the labor market in Taiwan

By using a hedonic wage equation, this study estimats the implicit value of life for the labor market in Taiwan. The data were obtained from the Taiwan Area Labor Force Survey of 1984, from which two samples, the main and the sub, were drawn. The value of life was found to range from NT$21-34 million which, relatively speaking, is no less than that obtained from the U.S. studies. The estimated risk premium was found to be higher for any level of job risk in the case of the sub-sample . This may be due to this group of workers' perceived job risk being higher than the actual risk, hence their asking for and receiving a higher wage compensation.


Keywords:
Issue Date:
Jan 01 1988
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
20
Series Statement:
DP 8801




 Record created 2017-07-20, last modified 2017-08-29

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