TY - JOUR
T1 - Wage compensation for job risks : the case of Hong Kong
AU - SIEBERT, W. S.
AU - WEI, Xiangdong
PY - 1998/6/1
Y1 - 1998/6/1
N2 - 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.
AB - 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.
UR - http://commons.ln.edu.hk/sw_master/6929
UR - http://www.scopus.com/inward/record.url?scp=0345059359&partnerID=8YFLogxK
U2 - 10.1111/1467-8381.00058
DO - 10.1111/1467-8381.00058
M3 - Journal Article (refereed)
SN - 1351-3958
VL - 12
SP - 171
EP - 181
JO - Asian Economic Journal
JF - Asian Economic Journal
IS - 2
ER -