Value of Statistical Life of Workers in Brick Kilns and Marble Industry: A Case Study of Peshawar
Author: Shah Rome Khan

Government agencies and policy makers confronted with the necessity to introduce health and safety regulations and wonder how to value of the benefits from that safety regulations. The evaluated value could be placed on the reduction of death risks and health risk, through comprehending of how people compensated for the risks they accept/take. And this approach is known as compensating wage differentials method. Which estimates the wage premium a worker needs to be given/paid to accept a small increase in his/her risk of dying and injuries, likewise, what the worker would pay to reduce the risk to their health and dying or achieve small increase in safety. Wage premium estimated from market and computed the value of statistical life, a value that how much population may be willing to pay to reduce the risk of one death among them. This study estimated the value of statistical life and injury for workers in brick kilns and marble industry in Peshawar, KPK based on compensating wage differential. The sample size for this study is 200, Pakistan standard annual hours have been taken that are 2500. The VSL for marble workers estimated PKR 68.25 million (USD 0.4265) and perceived injury rated PKR 6825 and for the bricks kilns the value of statistical life estimated PKR 54.625 million (USD0.3414) we did not attempted the value of statistical injury for brick kilns workers because the variable is insignificant. Supervisor:- Dr. Rehana Siddiqui

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Keywords : BRICK KILNS, Compensating Wage Differential, Informal Sectors, Marble Factories, Perceived Risks, Value of Statistical Life/injury
Supervisor: Rehana Siddiqui

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