Racial Differences in Labor Market Values of a Statistical Life

Author(s):  
W. Kip Kip Viscusi



1992 ◽  
Vol 36 (1) ◽  
pp. 35-43 ◽  
Author(s):  
Jeffrey Waddoups ◽  
Djeto Assane

This paper is an exploration of intersegment and racial differences in job-leaving experience, which links ideas found in mobility studies of the labor market segmentation school and the literature which describes unemployment as a dynamic process. Findings suggest that there are significant differences in nonemployment mobility patterns across the segment structure, lending support to researchers who view the labor market as segmented. In addition, after controlling for segmentation, racial differences in nonemployment mobility are revealed, suggesting that race, too, is an important theoretical category that cannot be ignored.



ILR Review ◽  
1993 ◽  
Vol 46 (3) ◽  
pp. 451-463 ◽  
Author(s):  
Leslie S. Stratton

The author uses March 1990 Current Population Survey data to investigate the reasons for the long-standing gap between the unemployment levels of black and white men (which were about 11.8% and 4.8%, respectively, in 1990). An employment probability function that controls for labor force participation is estimated separately by race. The results indicate that only 20–40% of the differential can be explained by variables other than race that are typically associated with unemployment, such as educational level and local labor market conditions. The predicted differential appears to be greatest among younger, less-skilled men.



2005 ◽  
Vol 48 (1) ◽  
pp. 1-39 ◽  
Author(s):  
Pedro Carneiro ◽  
James J. Heckman ◽  
Dimitriy V. Masterov


2005 ◽  
Author(s):  
Pedro Manuel Carneiro ◽  
James J. Heckman ◽  
Dimitriy V. Masterov




2010 ◽  
Vol 2 (4) ◽  
pp. 76-104 ◽  
Author(s):  
Peter Arcidiacono ◽  
Patrick Bayer ◽  
Aurel Hizmo

We provide evidence that college graduation plays a direct role in revealing ability to the labor market. Using the NLSY79, our results suggest that ability is observed nearly perfectly for college graduates, but is revealed to the labor market more gradually for high school graduates. Consequently, from the beginning of their careers, college graduates are paid in accordance with their own ability, while the wages of high school graduates are initially unrelated to their own ability. This view of ability revelation in the labor market has considerable power in explaining racial differences in wages, education, and returns to ability. (JEL D82, I21, I23, J24, J31)



2014 ◽  
Vol 55 (1) ◽  
pp. 25-56 ◽  
Author(s):  
Olivier Godechot

Abstract“Weak ties”, a valuable aid in getting a job, are generally work ties. One reason for this feature is not that former colleagues increase one’s information but rather that they value the pursuit of past collaboration. We examine the consequence of the collaboration ties hypothesis in the financial industry labor market. In finance, the labor market values the assets that financial operatives take with them from one firm to another, such as knowledge, know-how and customers. Since assets are to a certain extent shared among co-workers, it is worth hiring business relations and former colleagues or moving in teams: this enables a better transfer of assets such as idiosyncratic work routines, distributed knowledge, or joint customers. To demonstrate our claims we rely on an online survey launched with eFinancialCareers.fr collected in September 2008 among French financial employees. This questionnaire shows that working at the core of financial markets favors the accumulation of key moveable assets on the one hand and of collaboration ties on the other. That is, collaboration ties and key moveable assets are strongly correlated. The moving of key assets, collaboration ties and notably the combination of those two dimensions all result in increased wages.



1991 ◽  
Vol 20 (2) ◽  
pp. 23-43 ◽  
Author(s):  
Jeffrey Waddoups

This article is an exploration of racial differences in the intersegment mobility process in a segmented labor market. To this end, a series of qualitative response models describing mobility of prime-age white and nonwhite males through a tripartite segmented labor market is constructed. It is found that demand variables representing labor market conditions, as well as traditional human capital variables are important predictors of intersegment mobility. It is also evident that there are striking racial differences in intersegment mobility patterns.



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