Wage compensation for job risks : the case of Hong Kong

W. S. SIEBERT, Xiangdong WEI

    Research output: Journal PublicationsJournal Article (refereed)

    19 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)171-181
    Number of pages11
    JournalAsian Economic Journal
    Volume12
    Issue number2
    DOIs
    Publication statusPublished - 1 Jun 1998

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    Hong Kong
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    wage difference
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    developed country

    Cite this

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    title = "Wage compensation for job risks : the case of Hong Kong",
    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.",
    author = "SIEBERT, {W. S.} and Xiangdong WEI",
    year = "1998",
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    Wage compensation for job risks : the case of Hong Kong. / SIEBERT, W. S.; WEI, Xiangdong.

    In: Asian Economic Journal, Vol. 12, No. 2, 01.06.1998, p. 171-181.

    Research output: Journal PublicationsJournal Article (refereed)

    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

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    DO - 10.1111/1467-8381.00058

    M3 - Journal Article (refereed)

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    JO - Asian Economic Journal

    JF - Asian Economic Journal

    SN - 1351-3958

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