Wage compensation for job risks : the case of Hong Kong
Document Type
Journal article
Source Publication
Asian Economic Journal
Publication Date
6-1-1998
Volume
12
Issue
2
First Page
171
Last Page
181
Abstract
The paper provides an estimate of wage compensation for fate job risk in Hong Kong. Is uses the 1991 Population Census of Hong Kong merged with job fatality data collected by the Labour Department. The results show that there is a positive and significant compensating wage differential for job fatal risk for manual workers in Hong Kong. The estimated 'statistical value of a life' is approximately HK$10.8m in 1990 prices (about US$1.4m). While this figure is somewhat lower than many estimates for developed countries, it is much higher than workers' compensation for permanent total incapacity (maximum at HK$1.728m in 1996) in Hong Kong.
DOI
10.1111/1467-8381.00058
Print ISSN
13513958
Publisher Statement
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Full-text Version
Publisher’s Version
Language
English