Risky business: Nuclear workers, ethics, and the market-efficiency argument

Ethics and the Environment 7 (1):1-23 (2002)
Abstract
: Workers generally face higher levels of pollution and risk in their workplace than members of the public. Economists justify the double standard (for workplace versus public exposures to various pollutants) on the grounds of the compensating wage differential (CWD). The CWD, or hazard-pay premium, is the increment in wages, all things being equal, that workers in hazardous environments receive, as compared to other workers. Economists defend the CWD by asserting that workers willingly trade safety for extra money. This essay (1) examines the theory behind the CWD, (2) presents and evaluates economists' Market-Efficiency Argument for the CWD, (3) offers several reasons for questioning the CWD, and (4) applies the Market-Efficiency Argument to a real-world case, that of U.S. nuclear workers. The essay concludes that this argument fails to justify the CWD, at least in the case of U.S. nuclear workers.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,357
External links
  •   Try with proxy.
  •   Try with proxy.
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA
    Similar books and articles
    Philippa Smales (2010). Living Wages and Institutional Supply Chain Duties. Business and Professional Ethics Journal 29 (1/4):109-134.
    Analytics

    Monthly downloads

    Added to index

    2009-01-28

    Total downloads

    8 ( #138,593 of 1,088,832 )

    Recent downloads (6 months)

    0

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.