Search Results - subject:"VSL"

Behavioral biases in stated preference valuation of mortality risk reductions : cost vector, anchoring, and scope effects

Zawadzki, Wojciech; Andersson, Henrik; Czajkowski, Mikołaj - 2026

Persistent link: https://www.econbiz.de/10015616229

The True Value of, the Value of a Statistical Life (VSL), in Benefit-Cost Analysis: How Might the VSL Be Different from What We Have Been Told?

Payson, Steven; Dwyer, Debra; Payson, Emanuel - 2026

The Value of a Statistical Life (VSL) serves as the definitive metric for allocative efficiency in Health Economics and … Benefit-Cost Analysis (BCA). However, the production and application of VSL estimates have become stratified into four … persist without adequate scrutiny, compromising the scientific validity of the VSL. This study provides a critical …

Persistent link: https://www.econbiz.de/10015651129

Employer monopsony power does not reduce the value of a statistical life

Cramer, Robert J.; Kniesner, Thomas J.; Viscusi, W. Kip - 2025

Although wage rates are lower when employers have monopsony power, we find that the value of a statistical life (VSL …) is not reduced when labor markets are more concentrated. Because the estimated VSL is the product of the wage and the … wage-risk tradeoff rate, a greater tradeoff rate in highly concentrated U.S. labor markets produces a larger VSL. The …

Persistent link: https://www.econbiz.de/10015464620

Comparative analysis of hedonic wage and discrete choice models in valuing job safety

Zhang, Nan - In: Central European economic journal 12 (2025) 59, pp. 1-16

risks (or value of a statistical life, VSL). Alternatively, the discrete choice model offers a framework for valuing non …

Persistent link: https://www.econbiz.de/10015625579

Employer Monopsony Power Does Not Reduce the Value of a Statistical Life

Cramer, Robert J; Kniesner, Thomas J.; Viscusi, W. Kip - 2025

Persistent link: https://www.econbiz.de/10015552506

Calculating the economic value of non-marginal mortality risk reductions

Cardoso, Diego S.; Dahis, Ricardo - In: Economics letters 237 (2024), pp. 1-5

Persistent link: https://www.econbiz.de/10015074433

A tale of the tails : the value of a statistical life at the tails of the age distribution

Kniesner, Thomas J.; Viscusi, W. Kip - 2024

The considerable literature on the value of a statistical life (VSL) documents the wage-mortality risk tradeoffs for …. Because of the longer life expectancy for children, there have been proposals to add a premium to their VSL, which would … generate an inconsistency with revealed preference estimates of the VSL trajectory over the life cycle. The shorter life …

Persistent link: https://www.econbiz.de/10014496254

The military VSL

Kniesner, Thomas J.; Sullivan, Ryan; Viscusi, W. Kip - 2024

statistical life (VSL) applicable to the Department of Defense (DOD). We follow Viscusi (2018a) by conducting a meta …-analysis consisting of 1,025 VSL estimates from 68 different labor market studies and find a best-set average VSL estimate of $11 ….8 million (US$2021) across all studies. For DOD analysts and practitioners, we advocate using our best-set VSL estimate for the …

Persistent link: https://www.econbiz.de/10015107932

Climate change, large risks, small risks, and the value per statistical life

Alberini, Anna; Ščasný, Milan - 2024

We conduct a contingent valuation survey in Spain and the UK to elicit information about the Willingness to Pay (WTP) for heat wave watch and response programs. We find that people are willing to pay for such programs, and that the WTP (€ 50 for each of 10 years; 2019 PPP euro) is virtually...

Persistent link: https://www.econbiz.de/10014531376

The Military VSL

Kniesner, Thomas J.; Sullivan, Ryan; Viscusi, W. Kip - 2024

Persistent link: https://www.econbiz.de/10015175248