Dirty money: Is there a wage premium for working in a pollution intensive industry

Within a compensating wage differential framework we investigate whether there is a wage premium for working in a pollution intensive industry. Our results for the economy as a whole suggest a small wage premium of approximately one quarter of one percent associated with the risk of working in a dir...

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Veröffentlicht in:	Journal of risk and uncertainty 2009-10, Vol.39 (2), p.161-180
Hauptverfasser:	Cole, Matthew A, Elliott, Robert J. R, Lindley, Joanne K
Format:	Artikel
Sprache:	eng
Schlagworte:	Air pollutants Air pollution Climate change Coefficients Compensation Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Emissions Employment Environmental Economics Environmental pollution Estimates Financial risk Industry Microeconomics Operations Research/Decision Theory Outdoor air quality Ozone Particulate pollution Physical trauma Pollutant emissions Pollutants Pollution Risk exposure Studies Wage differential Wage differentials Wages Wages & salaries Waste management industry
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Beschreibung
Zusammenfassung:	Within a compensating wage differential framework we investigate whether there is a wage premium for working in a pollution intensive industry. Our results for the economy as a whole suggest a small wage premium of approximately one quarter of one percent associated with the risk of working in a dirty job. This premium rises to over fifteen percent for those individuals who work in one of the five dirtiest industries. We also find evidence of a fatal risk wage premium, providing estimates of the value of a statistical life of between £12 million and £19 million (2000 prices).
ISSN:	0895-5646 1573-0476
DOI:	10.1007/s11166-009-9077-x