is the worker’s hourly wage rate. There is no theoretical
basis for distinguishing between use of a linear or logarithmic form (Rosen, 1974), but
the analysis in Moore and Viscusi (1988a) found that the semi-logarithmic form had
a higher explanatory power than the linear wage equation based on a Box-Cox trans-
formation. The log(wage) specification is the more common approach in the hedonic
wage literature.
7.3.3Fatality Rate Data Used in Hedonic Wage Models
The ideal measure of the fatality risk is a variable that reflects both worker and firm
assessments of the risk of a particular job. In practice ...
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