Journal of Risk and Uncertainty

, Volume 1, Issue 2, pp 185–199

The marginal value of job safety: A contingent valuation study

  • Shelby Gerking
  • Menno De Haan
  • William Schulze
Article

DOI: 10.1007/BF00056167

Cite this article as:
Gerking, S., De Haan, M. & Schulze, W. J Risk Uncertainty (1988) 1: 185. doi:10.1007/BF00056167

Abstract

This article estimates the marginal value of safety based on contingent values obtained in a labor-market-oriented national random-sample mail survey. Thus, worker preferences for safety are assessed directly, in contrast to the hedonic price method that has been used almost exclusively in related studies. Key aspects of this article are that (1) contingent values are obtained for small changes in risks of job-related fatal accidentsperceived by respondents, and (2) relationships are analyzed between respondents' marginal safety values and their income, socioeconomic/demographic characteristics, union membership status, and initial levels of risk faced.

Key words

Contingent valuation hedonic price method marginal value of safety perceived risk 

Copyright information

© Kluwer Academic Publishers 1988

Authors and Affiliations

  • Shelby Gerking
  • Menno De Haan
  • William Schulze

There are no affiliations available