It’s all news at this point. Here’s something recent:
Environ Health Perspect. Mar 2014; 122(3): A81.
Published online Mar 1, 2014. doi: 10.1289/ehp.122-A81
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3948029/
“… some white light-emitting diodes (LEDs) emit a wavelength of light associated with adverse human health effects. In this issue of EHP, researchers study retinal changes in rats exposed to white LEDs like those sometimes used in household lighting…. that employ a chip emitting blue light, which is surrounded by a yellow phosphor coating. Although the resulting light looks white to the naked eye, it can feature a spike in the blue end of the spectrum, at wavelengths of 460–500 nm.
Light of this wavelength has been shown to have unique physiological effects …. recent research considers the direct effect of this light on the eye, including the risk of ongoing damage to retinal cells.8
In the current study, the researchers wanted to accurately simulate exposure to indoor lighting ….”
—— follow the citing papers for more recent work — right side of the page that’s linked to
and from a few years ago:
http://archive.luxmagazine.co.uk/2011/07/are-leds-safe/
“… photochemical hazards are cumulative – the same damage may arise from short duration, high level exposure as long duration, low level exposure.”
…
“… small size causes high retinal irradiance (glare) and the wavelength which has the highest potential to cause damage coincides with the typical peak wavelength of the blue LEDs that pump the phosphor in white PC-LEDs…. the popular cool white LEDs that have a greater potential for damage.
…[with 2010-11-era emitters] It would be necessary to look at the source from a distance of 200mm for 40-50 seconds before reaching [acute short term] exposure limit values.
However, cumulative exposure over eight hours should be considered, and further research should be done into the reported effects of long-term, low-level exposure on age-related macula degeneration.”
This chart shows the blue emission spike, for contemporary cool and warm white LEDs; the green line is the range of wavelengths/intensities within which there’s a hazard. You can see how they line up.
——
Best guess: the damage is cumulative over a lifetime (fishermen who got both skylight and reflected light are a data point for risk of macular degeneration by late middle age)