South Asian Network for Development and Environmental EconomicsMadheswaran, S.2007-11-132006-09-072007-11-13200499933-826-8-Xhttp://hdl.handle.net/10625/27173There is extensive literature on the value of a statistical life (VSL) and compensating wage differentials for developed countries, but few studies exist for developing countries. The compensating wage differentials method estimates the wage premium a worker would need to be paid to accept a small increase in his/ her risk of dying. Workers routinely make trade-offs between health risks and economic gains, and these can be identified by studying wages associated with different industries. This study obtains estimates of VSL that reflect Indian risk preferences based on a survey of 550 workers in Chennai and 535 workers in Mumbai.Text31 p.enCOMPENSATIONWAGE POLICYWAGE RATELABOUR MARKETWAGESWORKERSINDIACOMPARATIVE ANALYSISPOLICY MAKINGSTATISTICAL ANALYSISECONOMIC ASPECTSWORK ENVIRONMENTSOCIAL IMPLICATIONSSOUTH ASIABook