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You are working for SHSU and they tell you that 99,000 employees face a 1/61 probability of death at work because their work at the physical plant each of them receives a yearly wage of $67,000. On the other hand, 99,000 maintenance workers face 1/342 probability of death because of their work, each maintenance worker gets paid $33,000. Assume that both kinds of job require the same level of skills, effort and that all workers have the same preferences and tastes. Using this information, what would be the value of a statistical life of SHSU workers
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You are working for SHSU and they tell you that 99,000 employees face a 1/61 probability of death at...
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