Estimating the Value of Gender- and Race-Specific Job Injury Risk

The compensating wage differential (CWD) for nonfatal injury and value of statistical life or injury in occupations have rarely been analysed separately by gender or race. This paper uses individual-level data from the 2012–2015 March Current Population Survey to estimate the CWD as well as the valu...

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Bibliographic Details
Published in:The economic and labour relations review : ELRR 2023-03, Vol.34 (1), p.140-156
Main Authors: Mridha, Hosne A., Khan, Farida C.
Format: Article
Language:English
Subjects:
Black people
Compensation
Employers
Estimates
Fatalities
Females
Gender
Injuries
Labor market
Labor unions
Market entry
Occupational accidents
Occupations
Race
Risk
Union membership
Unionization
Wage differential
Wages & salaries
Women
Workers
Working women
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Summary:The compensating wage differential (CWD) for nonfatal injury and value of statistical life or injury in occupations have rarely been analysed separately by gender or race. This paper uses individual-level data from the 2012–2015 March Current Population Survey to estimate the CWD as well as the value of statistical injury (VOI) by race and gender. We find male workers command a positive risk premium, and this is higher when they are unionised. We also find a positive risk premium for White unionised workers and a slightly lower risk premium for White males. Like other investigators, we find that nonfatal risk is heterogenous, and its compensation is difficult to estimate using a standard wage equation, even with some smaller subsamples from our dataset that are gender- or race-specific. Our estimates of the VOI show us that male workers who are unionised have the highest VOI, followed by Hispanic union workers, and Black females. This last finding follows from Black females working in jobs that have the highest risk rates compared to White and Hispanic females.
ISSN:1838-2673
1035-3046
1838-2673
DOI:10.1017/elr.2022.12