Do we really value identified lives more highly than statistical lives?

Value of Statistical Life (VSL) studies suggest that people's willingness to pay for statistical lives is consistent with their willingness to pay for identified lives. The idea that the valuations are different may be no more than an artifact of the economic method for valuing statistical lives, the human capital approach, that was dominant at the time the distinction was proposed.

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Year of publication:	2014
Authors:	Russell, Louise B.
Publisher:	New Brunswick, NJ : Rutgers University, Department of Economics
Subject:	Value of Statistical Life \| Identified Lives

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Series:	Working Paper ; 2014-13
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	797890106 [GVK] hdl:10419/123814 [Handle] RePEc:rut:rutres:201413 [RePEc]
Classification:	D6 - Welfare Economics ; I1 - Health ; H4 - Publicly Provided Goods
Source:	EconStor

Persistent link: https://www.econbiz.de/10011396828