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Business, 17.10.2019 23:20 kesmith73

As an economist, you have been doing a project trying to estimate the willingness-to-accept risk on the part of workers. you have gathered data on a variety of blue-collar occupations, ranging from clerical work to truck driving to coal mining. controlling for age, gender, education, work experience and race, you have uncovered the following relationship: a. what is your estimate of the "value of a statistical life"? what does this mean? b. why might this value be a poor estimate of the value placed on lives saved from pollution reduction? (three reasons)

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