Value of work safety: application of CV method to value effects of fatal injuries on wellbeing of economic active population of the Czech Republic
2007
Abstract
The paper presents results of a CVM survey conducted recently that focused on valuation of work-related fatal injuries. Willingness to accept an increase in monthly wage in riskier job has been used to derive VSL in the context of labor market.
To this end, the authors employed relatively new approach of representing change in fatal risk in the CVM scenario for work-related fatalities. Further, the VSL amounting to median value of 239 million CZK (8.43 million EUR) is compared with values of VSL obtained in different CVM and HPM studies in context of work-related fatal risk and outside the area of work-related risk.