TY  - RPRT
        AU  - Anelli, Massimo
AU  - Koenig, Felix
        TI  - Willingness to Pay for Workplace Safety
        PY  - 2021/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 14919
        UR  - https://www.iza.org/publications/dp14919
        AB  - 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.
        KW  - hazard pay
KW  - workplace safety
KW  - non-wage amenities
KW  - partial unemployment insurance
KW  - COVID-19
KW  - labor supply
KW  - value of life
        ER  -