Hours of Work, Labor Productivity, and Environmental-Conditions : A Case Study
Livelihood measures of foregone and compensating earnings are frequently used as measures of economic losses due to realized or potential damages to the health of labor in-puts. Both measures as they have been used are incomplete, though for quite different reasons. The narrowness of the foregone earnings mea-sure is widely acknowledged. As set forth in Smith (1974), Thaler and Rosen (1976), and Viscusi (1979), the compensating earnings measure, with its emphasis upon the earnings premia workers require to be willing to be exposed to job hazards they perceive, certainly has broader analytical ...
(For more, see "View full record.")