The value of reducing job risk is estimated using a hedonic wage model and a risk variable that is matched by occupation and state of residence. This study is the first to use the hedonic wage approach to estimate the value of safety in a single industry. Industry-specific estimates will help...

Expansion of agriculture into new regions has often been followed by land degradation. In this article, it is argued that the process of land development involves the selection of pioneer's with optimistic expectations about the robustness and carrying capacity of new land. Hence, there is a...