Table 2: Two-stage least square estimates of implicit price equations.

Variables(1)(2)(3)(4)

Constant0.1284 (6.786)0.1224 (6.022)0.1273 (6.912)0.1212 (6.225)
Life years lost ( )−0.0030 (4.760)−0.0028 (4.031)
Discount rate ( )0.0290.0272
× region 1−0.0048 (7.009)−0.0052 (7.140)
in region 10.0470.051
× region 2−0.003 (4.915)−0.0026 (4.051)
in region 20.0300.026
× Region 3−0.0026 (4.219)−0.0024 (3.705)
in region 30.0250.024
× region 4−0.0012 (1.654)−0.0010 (0.488)
in region 40.0120.010
High school education0.0010 (0.099)−0.0024 (0.218)0.0073 (0.751)0.0055 (0.529)
Higher secondary education0.0066 (0.738)0.0000 (0.005)0.0103 (1.197)0.0046 (0.506)
College education0.0014 (0.099)−0.0063 (0.403)0.0057 (0.399)−0.0014 (0.094)
Indicator for own house0.0130 (1.810)0.0169 (2.197)0.0084 (1.202)0.0105 (1.423)
Union status0.0139 (1.882)0.0177 (2.235)0.0053 (0.737)0.0062 (0.807)
Backward community0.0104 (1.406)0.0140 (1.770)0.0096 (1.346)0.0125 (1.647)
Private job0.0297 (2.813)0.0260 (2.290)0.0345 (3.324)0.0329 (2.999)
[Adjusted ]0.085 [0.070]0.076 [0.061]0.151 [0.133]0.170 [0.152]

Note: Mean values are 25.058 for life years lost variable and 0.1035 for estimated wage-risk trade-off from column 2 of Table 1 (0.1028 from column 3 of Table 1). Absolute values are in parentheses.