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respondents. We examine how homeowners in the United Kingdom and Italy value mortality risk reductions by asking them to choose … quantitative and clearly specified measure of health risks. We find that Italian homeowners hold a value of a statistical life (VSL … among hypothetical variants of their home that differ in terms of mortality risks from air pollution and price. To our …
Persistent link: https://www.econbiz.de/10010189442
life year (VSLY), which have both mortality and morbidity aspects that we describe and apply here. All such tradeoff rates …The most enduring measure of how individuals make personal decisions affecting their health and safety is the … compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in …
Persistent link: https://www.econbiz.de/10013168073
statistical life (VSL) and relative severity/injury estimates from the Department of Transportation (DOT), we estimate an overall … is almost 40% higher than the total valuation of $1.6 trillion (using about $11 million VSL from the DOT) for all …
Persistent link: https://www.econbiz.de/10012271657
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Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies … that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of … VSL should be lower for the elderly to reflect their fewer remaining life years. We conducted a contingent valuation …
Persistent link: https://www.econbiz.de/10011606716
contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …
Persistent link: https://www.econbiz.de/10011606927
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
This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...
Persistent link: https://www.econbiz.de/10011376457
There are many possible connections between VSL and behavioral economics. A list of topics includes endowment effects …, risk salience, ambiguity aversion, present bias, reference groups, reference points, and experienced versus decision … utilities. There are also nudges that connect to estimating or using VSL in government decisions and cousins of behavioral …
Persistent link: https://www.econbiz.de/10011998638