Apr 3, 2017 21:14
7 yrs ago
French term

Primes De Salaires

French to English Bus/Financial Finance (general)
This is in a heading in a paper discussing the cost-benefit analysis of road development. Here is the heading it appears in and some of the following text:

Valeur Obtenues Par La Valeur Des Primes De Salaires (Dar).

THALER et ROSEN (1979), ont examiné dans leur étude, les écarts de salaires et les écarts de risque. Ils constatèrent qu'un accroissement du risque mortel de 1 pour 1000 entraînait une prime de 260$.

Proposed translations

+3
1 hr
Selected

wage (risk) premiums

I'd originally supposed the term to be "bonus", but the work of Thaler and Rosen (probably the 1976 paper, BTW, and not 1979, you might like to cross-check with the author), suggests it is probably "premium". That is what their papers are about around that time.

https://www.jstor.org/stable/1832064?seq=1#page_scan_tab_con...


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Note added at 1 hr (2017-04-03 23:09:08 GMT)
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Here's the original paper : http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.505...

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Note added at 1 hr (2017-04-03 23:11:10 GMT)
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It really does appear to be the landmark paper. I strongly recommend you check that your client has not got the wrong date.

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Note added at 1 hr (2017-04-03 23:13:48 GMT)
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Sample extract from p.37:

"The qualifications on the meaning and interpretation of the estimate
of the increase in wage premiums accompanying higher risk
are so carefully spelled out in the paper that cautious analysts might be
reluctant to place much reliance on the estimate for policy purposes.
For small policy changes, however, the conceptual basis of the estimate
is probably adequate for policy purposes. Most policy changes
that might be analyzed using estimates of this sort in an effort to quantify
their impact and desirability are likely to be small compared to the
entire package of risk-reward choices that confronts the average person."

There are 24 hits for "premium" in the publication. One hit and its surrounding txt will not doubt help. Night, night.

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Note added at 2 hrs (2017-04-03 23:20:09 GMT)
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The correct reference:

Thaler R., , & Rosen S. (1976). The value of saving a life: Evidence from the labor market. In Terleckyj N. E. (Ed.), Household production and consumption (pp. 265–300). New York & London: Columbia University Press.


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Note added at 2 hrs (2017-04-03 23:22:32 GMT)
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"Wage premiums".
Note the use of "wage" in the source.
A "salary" is generally a fixed sum for which the hours you are expected to do will be a little elastic. A "wage" is generally paid for an hourly rate, with specific overtime.
Peer comment(s):

agree Daryo : in this specific instance, yes IOW how much you have to pay them more to make them take the risk.
1 hr
agree B D Finch : Salaries are generally white-collar, higher and annual and wages blue-collar, lower-grade white-collar and weekly. Would it be cynical to suggest that salaried staff leave risk to wage-earners?
11 hrs
agree Rob Grayson
15 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you. This is the translation I used."
6 mins

salary premiums

Or "premia", if you want to be as correct as possible. This form is dying out and increasingly being replaced by the plural "premiums".

A premium is simply an additional amount over and above some reference level. An example is when one company wants to buy another, and offers to pay a premium above the market price of the target company's shares.

From the excerpt quoted, it seems this is referring to salaries that are higher than average due to a higher than average risk of work-related mortality.
Peer comment(s):

neutral Daryo : not really wrong, but too general
17 hrs
Something went wrong...
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