Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/249014 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9469
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper develops a revealed-preference approach that uses budget constrain discontinuities to price workplace safety. We track hourly workers who face the decision of how many hours to work at varying levels of Covid-19 risk and leverage state-specific discontinuities in unemployment insurance eligibility criteria to identify the labor supply behavior. Results show large baseline responses at the threshold and increasing responses for higher health risks. The observed behavior implies that workers are willing to accept 34% lower incomes to reduce the fatality rate by one standard deviation, or 1% of income for a one in a million chance of dying.
Subjects: 
hazard pay
workplace safety
non-wage amenities
partial unemployment insurance
Covid19
labor supply
value of life
JEL: 
J17
J22
J28
Document Type: 
Working Paper
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