Compensating Wage Differentials and the Duration of Wage Loss
建立职业选择模型，利用收入动态面板数据与行业工伤失业数据，发现工伤和周期性失业的补偿性工资差异主要源于损失持续时间而非风险本身，且工会状态对两类补偿有不同影响。
A formal model of occupational choice is developed that shows the extent to which the compensation for increased duration exceeds that for increased risk. Using the Panel Study of Income Dynamics linked to industry data on injuries and unemployment, we find nearly all the compensating wage differential for losses due to workplace injuries is for increases in the duration of loss and similarly for losses due to cyclical unemployment. The compensating differentials for risk of injury are larger for union than for nonunion workers, while those for cyclical unemployment are smaller for union workers.