Unions and Risk: Their Impact on the Level of Compensation for Fatal Risk

This paper distinguishes between the premia for fatal risk in jobs covered by union-negotiated terms and conditions and the premia in uncovered jobs. It employs a model which allows for the endogeneity of both covered status and fatal job risk. Values of a life in both the covered and uncovered sectors are computed. Copyright 1996 by The London School of Economics and Political Science.

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