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In the class, we cover a paper by Ashenfelter and Greenstone (2004) to estimate the value of life. We now consider an alternative way of

In the class, we cover a paper by Ashenfelter and Greenstone (2004) to estimate the value of life. We now consider an alternative way of estimating the value of life. Assume that there are only two types of jobs in the labor market (safe jobs versus risky jobs). Briefly describe how we may be able to estimate the value of life in this setting.

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