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It has never been estimated statistical value of life and injury in Norway based on compensation wage differential among the Norwegian industry. This study includes estimates of the wage-risk trade off based on the 3-digit industry level as well as the measure of perceived risk. Workers typically do not calculate risk-based industries, but only job-specific risk. Thus, the method used here may be affected by a risk of the overestimated results.

The number of deaths has declined sharply since 2000, it cannot be prevented that no life can be lost, but it can work harder to prevent loss of labour force that is a important resource in Norway——s industry. Improved demand for safer working environment and tools will lead possibly to reduction of fatal of non fatal injuries. The obvious interpretation of this study is the decisions and policy corrections are implemented for reducing the loss or injury of people in Norway.

Since this is the first such study in Norway, its results can help various agencies and organizations to assess the value of various safety programs.

The rest of this paper is organized as follows. In chapter two, it will be discussed the theory of “compensating wage differential”. In chapter three the earlier and the more recent estimates that have been made in any country for VSL and literature are reviewed and are discussed. Chapter 4 describes the data that was used for the estimation of VSL as well as data on the number of dead and injured in the period 2000-2007 in Norway. In Chapter 5 the empirical results are presented. Here, the estimated values ??are discussed and by using the Garen——s (1984) model to see whether the endogenous characteristic has any effect on the estimation of the value of a life or not. And in the sixth chapter conclusion will take place.

CHAPTER 2

THE THEORY

Compensating wage differential:

When an employer wishes to attract applicants, they must match the workers' demands for wages among other things. If they want to attract applicants themselves, they may also pay any extra. The extra payment will attract workers called compensating wage differential (CWD). This extra salary is paid to attract labor to perform work and labor compensate for undesirable conditions (Ehrenberg R. and Smith R. 2008: 243).

Wage differentials serve two socially desirable ends. The first is to give people a reason and cause to do this dirty, dangerous and undesirable job entirely voluntary. The second reason works on any individual level and is interpreted本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。