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Establishing the Value of Life a. Explain how the value of life can be estimated by comparing wage differentials across different occupations or jobs. b.

Establishing the Value of Life

a. Explain how the value of life can be estimated by comparing wage differentials across different occupations or jobs.

b. What might be the problem with a calculation of the value of life that compared salary differences between a garbage collector (risky) and clerical worker (not risky)?

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