Search Results - subject:"Value of a Statistical Life"

On the definition and estimation of the value of a “statistical life”

JOHANSSON, Per-Olov - Dipartimento di Economia, Management e Metodi … - 2006

The presentation will discuss the economic meaning of the concept of the Value of a Statistical Life (VSL) and review … several of the issues discussed in the literature. For example, how do we define the value of a (statistical) life? Are there … the value of a statistical life in both single-period models and life-cycle models. Models with and without actuarially …

Persistent link: https://www.econbiz.de/10005007198

The Value of a Statistical Life and the Coefficient of Relative Risk Aversion

Kaplow, Louis - In: Journal of Risk and Uncertainty 31 (2005) 1, pp. 23-34

’s imply equally high values for the income elasticity of the value of a statistical life. Yet estimates of this elasticity …

Persistent link: https://www.econbiz.de/10005709666

Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

Ashenfelter, Orley; Greenstone, Michael - Institute for the Study of Labor (IZA) - 2004

In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a … statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect …

Persistent link: https://www.econbiz.de/10005822645

Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

Ashenfelter, Orley; Greenstone, Michael - Industrial Relations Section, Department of Economics - 2004

Persistent link: https://www.econbiz.de/10005558614

Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

Ashenfelter, Orley; Greenstone, Michael - Industrial Relations Section, Department of Economics - 2004

Persistent link: https://www.econbiz.de/10005738537

Using Mandated Speed Limits to Measure the Value of a Statistical Life

Ashenfelter, Orley; Greenstone, Michael - Institute for the Study of Labor (IZA) - 2002

might be around one-third this value. Since this estimate is an upper bound of the value of a statistical life (VSL), we set …

Persistent link: https://www.econbiz.de/10005703611

Using Mandated Speed Limits to Measure the Value of a Statistical Life

Ashenfelter, Orley; Greenstone, Michael - Industrial Relations Section, Department of Economics - 2002

Persistent link: https://www.econbiz.de/10005436038

Using Mandated Speed Limits to Measure the Value of a Statistical Life

Ashenfelter, Orley; Greenstone, Michael - Industrial Relations Section, Department of Economics - 2002

Persistent link: https://www.econbiz.de/10005548170

Is Transport Safety More Valuable in the Air?

Carlsson, Fredrik; Johansson-Stenman, Olof; Martinsson, … - Nationalekonomiska institutionen, Handelshögskolan - 2002

Using a contingent valuation survey, people’s willingness to pay for a given risk reduction is found to be much larger when traveling by air compared to by taxi. Follow-up questions revealed that an important reason for this discrepancy is that many experience a higher mental suffering from...

Persistent link: https://www.econbiz.de/10005651737

Weight Factors in Cost-Benefit Analysis of Climate Change

Azar, Christian - In: Environmental & Resource Economics 13 (1999) 3, pp. 249-268

Equity considerations may justify the use of weight factors when estimating the costs of climate change. This paper reviews different weight factors that have been used in the climate economics literature. Based on a simple model, it is shown that although the different weight factors imply...

Persistent link: https://www.econbiz.de/10005684452