ANNOUNCEMENTS
According to ILO, CI is nine times riskier to that of manufacturing. This implies that construction workers have the risk of injury, illness or even death almost every time they are handling jobs of any construction trade. Therefore, policymakers need to design health and safety policies for the construction workers. Designing of these policies also require cost and benefit analysis. Hence, VSL estimates serve such purposes. However, despite of nine times riskier to that of manufacturing, this study has tried estimating VSL and VSI of construction workers in Delhi. Primary survey of 284 construction workers working across Delhi has been carried out in the study. Using revealed preference approach, calculation of VSL and VSI has been done. Since the study relies wholly on primary survey, so there is a major limitation of the study that it is unable to calculate VSL with respect to fatality rates. However, as a morbidity variable, the study incorporated a variable, perceived risk of death in the study. However, its statistical insignificance did not allow the study to calculate VSL. Besides, the study succeeded in calculating VSI of construction workers in Delhi which is INR 3.9 million. Apart from this, study also found that workers who perceive injury risk tend to get positive wage compensation in Delhi.
