Suppose that the equilibrium wage in industry a is 39000
Suppose that the equilibrium wage in industry A is $39,000. Industry B is riskier with workers having a 6% greater chance of dying on the job; the wage in industry B is $59,000. What is the implied valuation of a life year?
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suppose that the equilibrium wage in industry a is 39000 industry b is riskier with workers having a 6 greater chance
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