Greenberg, Kyle; Greenstone, Michael; Ryan, Stephen; … - 2021
We estimate the value of a statistical life (VSL), or the willingness to trade-off wealth and mortality risk, among 430 … significant variation in retention bonuses and mortality risk, we recover average VSL estimates between $500,000 and $900,000, an … recovering indifference curves between wealth and mortality risk. The VSL increases with mortality risk within type, and soldiers …