The Reward for Risk in the Labor Market: Evidence from the United Kingdom and a Reconciliation with Other Studies
The Reward for Risk in the Labor Market: Evidence from the United Kingdom and a Reconciliation with Other Studies
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劳动力市场的风险回报:来自英国的证据以及与其他研究的协调
DOI:
10.1086/261094
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发表时间:
1982
影响因子:
8.2
通讯作者:
G. Psacharopoulos
中科院分区:
文献类型:
--
作者:
A. Marin;G. Psacharopoulos
This is the famous quotation from the Wealth of Nations according to which workers employed in undesirable jobs in competitive labor markets should be paid extra to compensate them for taking such jobs. One obvious nonpecuniary disadvantage of some jobs is that they carry an above-average risk of death or serious injury, and the theory predicts that earnings should be higher than in otherwise comparable jobs with lower risks.1 The main counterargument to this theory is that nowadays, noncompetitive forces dominate labor markets, so that one would be