risk aversion. Because the VSL varies elastically with income, regulatory agencies should regularly update the VSL used in …We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile … regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our …

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 …

public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range … applying panel data, a new and more accurate fatality risk measure, and systematic selection of panel estimator in our research …

less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of … workers' decisions concerning exposure to fatal injury risk there is no statistically significant divergence between … in tradeoff rates for increases and decreases in risk. An important implication for policy is that it is reasonable to …

less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of … workers' decisions concerning exposure to fatal injury risk there is no statistically significant divergence between … in tradeoff rates for increases and decreases in risk. An important implication for policy is that it is reasonable to …

in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this … value of a statistical life (VSL) by analyzing labor market data to study people's willingness to pay (WTP) for reductions …

policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic … locus we discuss imply the so-called value of a statistical life (VSL) that is useful as the benefit value in a cost … dimensions of heterogeneity in VSL, including by age and consumption plans, the latent trait that affects wages and job safety …

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 …

survey data, we assess six possible explanations for this upsurge in mortality. Most find little support in the data: the … deterioration of the health care system, changes in diet and obesity, and material deprivation fail to explain the increase in … mortality rates. The two factors that do appear to be important are alcohol consumption, especially as it relates to external …

mortality and infant health and then consider how the estimated effects vary when the analysis is conducted at differing levels …This paper considers the relationship between local economic conditions and health with a focus on different approaches … downturns are associated with improved health. Further investigation reveals that county economic conditions have an independent …