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Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE's Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
In recent years, the problem of the frequent accidents in the SMEs has been a community-wide focus, which is rooted in the market failure caused by the seriously underestimated of the value of human life, Thus leading to the SME owners' lack of power and pressure in safety input. So assessing the value of human life is of great significant, also is a basic perspective for analysis of production safety management of SMEs. In this paper, on the basis of an overview of the relevant literature, using the condition-valuation approach to estimate the employees' life value and the related factors affecting their willingness to accept for compensation is also analyzed.