Value of Time: Speeding Behavior and Gasoline Prices Do drivers reduce speeds when gasoline prices are high? Previous research investigating this energy conservation hypothesis produced mixed results. We take a fresh look at the data and estimate a significant negative relationship between speeding and gasoline prices. This presents a new methodology of deriving the ‘Value of Time’ (VOT) based ...

This paper makes explicit the links between preferences over lotteries on length of life and intertemporal choice. I show that the approach used by traditional life cycle models to account for uncertain survival corresponds to a strong assumption of risk neutrality with respect to the length of life. Relaxing such an assumption leads us to develop a more general formulation of lifetime utility ...

One of the oldest views on wage determination holds that wage differences reflect compensation for hedonic aspects of jobs such as the risk of injuries and occupational diseases. This paper studies the importance of such compensating wage differentials using longitudinal information on workers and firms. This data allows us to disentangle the wage and risk components that are attached to the wo...

In this paper, we investigate the common unfolding between regular tetrahedra and Johnson-Zalgaller solids. More precisely, we investigate the sets of all edge developments of Johnson-Zalgaller solids that fold into regular tetrahedra. We show that, among 92 Johnson-Zalgaller solids, only J17 (gyroelongated square dipyramid) and J84 (snub disphenoid) have some edge developments that fold into a...

Measuring an individual’s human capital at a point in time as the present actuarial value of expected net lifetime earnings has a lengthy history. Calculating such measures requires accurate estimates of worklife expectancy. Here, worklife estimates for men and women in the United States categorized by educational attainment, race, marital status, parental status, and current labor force status...

This article develops the first measures of age–industry job risks to examine the age variations in the value of statistical life. Because of the greater risk vulnerability of older workers, they face flatter wage-risk gradients than younger workers, which we show to be the case empirically. Accounting for this heterogeneity in hedonic market equilibria leads to estimates of the value of statis...

Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers’ decisions concerning exposure to fatal injury ...

We explore the effects of income and, additionally education on the income, self-reported health and survival of people aged sixty-five and over in order to identify benefits resulting from education which are omitted in the conventional analysis with its focus on labour income excluding employer contributions. We find that well educated people enjoy substantially higher incomes and longer heal...

this paper aims to analyze the relationship among the employee, the employer, and the government with the help of game theory. the game among these three players is of the sort of static games with complete information and the strategies used by each player have been determined in the figure of tending to change the current situation and tending to keep it. the equilibrium among this three play...

We discuss and review literature on the macroeconomic effects of epidemics pandemics since late twentieth century. First, we cover role health in driving economic growth well-being standard frameworks for assessing burden infectious diseases. Second, sketch a general theoretical framework to evaluate trade-offs policy makers must consider when addressing diseases their repercussions. In so doin...