Aldy, Joseph E.; Viscusi, W. Kip - 2021
that the effect of age on the value of life is ambiguous. The empirical analysis of this relationship uses novel, age …-dependent fatal and nonfatal risk variables. Workers' value of statistical life exhibits an inverted U-shaped relationship over … estimator. The value of statistical life for a 60-year old ranges from $2.5 million to $3.0 million -- less than half the value …