Presentation at ILERA 2015 World Congress.
Full paper available at https://www.academia.edu/10275573/Hyperbolic_Discounting_in_Occupational_Safety_and_Health_in_South_Asia
5. Country United States India Pakistan
Labour inspectors
(per 100,000) 1.7 0.4 0.8
Country United States India Pakistan
Labour force 156 million 500 million 57 million
Deaths through accident 4,585 47,000 (est.) 11,800 (est.)
Fatality incidence
(per 100,000) 3.3 9.4 20.7
Sources: Ramachandran, 2014; Hassan, 2012; Pasha and Liesivuori, 2003; www.osha.gov
Twitter @labouratmargins
6. Preference for $10 now equal to ($):
0
10
20
30
40
50
60
70
80
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Arithmetic discounting
Hyperbolic discounting