TY - CHAP AB - Abstract This article tests whether workers are indifferent between risky and safe jobs provided that, in labor market equilibrium, wages should serve as a utility equalizing device. Workers’ preferences are elicited through a partial measure of overall job satisfaction: satisfaction with job-related risk. Given that selectivity turns out to be important, we use selectivity corrected models. Results show that wage differentials do not exclusively compensate workers for being in dangerous jobs. However, as job characteristics are substitutable in workers’ utility, they could feel satisfied, even if they were not fully compensated financially for working in dangerous jobs. VL - 38 SN - 978-1-78350-056-7, 978-1-78350-057-4/0147-9121 DO - 10.1108/S0147-9121(2013)0000038005 UR - https://doi.org/10.1108/S0147-9121(2013)0000038005 AU - Georgantzis Nikolaos AU - Vasileiou Efi PY - 2014 Y1 - 2014/01/01 TI - Are Dangerous Jobs Paid Better? European Evidence T2 - New Analyses of Worker Well-Being T3 - Research in Labor Economics PB - Emerald Group Publishing Limited SP - 163 EP - 192 Y2 - 2024/03/29 ER -