Gentry, Elissa Philip - 2016
The fatality risk-money tradeoff that is the value of a statistical life (VSL) may vary with the nature of the fatality … the sum of the value of the fatality risk and the value of the morbidity risk. Labor market valuations of morbidity risks … are positive, even for fatalities that are caused by traumatic injuries. The value of the fatality risk is the dominant …