Measurement error and the effects of unions on the compensating differentials for fatal workplace risks

Robert SANDY, Robert F. ELLIOTT, W. Stanley SIEBERT, Xiangdong WEI

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

13 Citations (Scopus)

Abstract

With essentially the same estimation methods and time period but using different UK data sets and risk measures, Sandy and Elliott (1996) found that nonunion male manual workers had a substantially higher fatal risk premium than union workers while Siebert and Wei (1994) found the opposite. This paper attempts to reconcile these conflicting results using the different measures of fatal risk employed in these two studies together on the same data set. The conflicting results are due to several types of measurement error. We find substantial miscoding in the employee-reported industry affiliation as well as larger errors-in-variables bias in the industry-based risk than in the occupation-based risk.
Original languageEnglish
Pages (from-to)33-56
Number of pages24
JournalJournal of Risk and Uncertainty
Volume23
Issue number1
DOIs
Publication statusPublished - 1 Jul 2001

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Workers
Compensating differentials
Measurement error
Industry
Work place
Errors in variables
Risk premium
Measure of risk
Risk measures
Employees

Cite this

SANDY, Robert ; ELLIOTT, Robert F. ; SIEBERT, W. Stanley ; WEI, Xiangdong. / Measurement error and the effects of unions on the compensating differentials for fatal workplace risks. In: Journal of Risk and Uncertainty. 2001 ; Vol. 23, No. 1. pp. 33-56.
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Measurement error and the effects of unions on the compensating differentials for fatal workplace risks. / SANDY, Robert; ELLIOTT, Robert F.; SIEBERT, W. Stanley; WEI, Xiangdong.

In: Journal of Risk and Uncertainty, Vol. 23, No. 1, 01.07.2001, p. 33-56.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

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