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Siebert and Wei (1998) estimated the following wage equation using some Hong Kong data: In W = a taptaz x2 + agx + ... tu,

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Siebert and Wei (1998) estimated the following wage equation using some Hong Kong data: In W = a taptaz x2 + agx + ... tu, where W = monthly salary in Hong Kong dollars, In = natural logarithm, p = fatality rate per 1,000 workers per year, and x,, x,,... are other control variables. They obtained the estimate al = 0.161. Suppose the sample average of monthly wage rate is HK$5, 198

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