Do the Near-Elderly Value Mortality Risks Differently?
利用健康与退休调查数据，通过工资特征模型估计老年工人对工作死亡风险的补偿要求，发现最年长和最厌恶风险的工人需要更高的工资补偿。
Wage hedonic models are estimated with the Health and Retirement Study to measure the risk-wage tradeoffs (value of statistical lives) for older workers. The analysis explicitly allows for multiple employment states, including retirement, using a multinomial selection model. The results suggest that the oldest and most risk-averse workers require significantly higher, not lower, compensation to accept increases in job-related fatality risks. 2004 President and Fellows of Harvard College and the Massachusetts Institute of Technology. Classification-