life (VSL) and the degree of complementarity between consumption and labor supplied when health status serves as a … individual requires to accept increased occupational fatality risk. We derive a relationship between the value of a statistical … potential source of variation in this relationship. Our empirical analysis finds that variations in an individual's health …

-dependent fatal and nonfatal risk variables. Workers' value of statistical life exhibits an inverted U-shaped relationship over …

risk of fatal hazards is fraught with problems. The theoretical basis for such estimates are flawed in a number of … not look like the perfectly competitive model on which the theory depends for its conclusions. Further, there are many …

wage-hedonic VSL estimates and describe two estimators that correct for it. Using data from the CPS, we recover VSL …

adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility … component due to infant mortality, has exhibited even more convergence than life expectancy. Sustained reductions in the … total economic value of gains against mortality in the U.S. prior to 1950 but only about 5 percent since …

the latent safety-related skill interpretation. Risk measures with less measurement error raise the value of statistical …

processes, and calibrated to U.S. data to characterize willingness to pay (WTP) for mortality risk reduction. Our theoretical …We develop a numerical life-cycle model with choice over consumption and leisure, stochastic mortality and labor income … literature's large variation in estimated income elasticities. By accounting for gender- and race-specific stochastic mortality …

Individuals' risk preferences are estimated and employed in a variety of settings, notably including choices in …' coefficients of relative risk aversion (CRRA's) in excess of one, and often significantly higher. However, it can be shown that …) anomaly involving individuals' risk-taking behavior in different market settings …

assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness …We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic … illness can significantly increase the value of statistical life, helping to reconcile theory with empirical findings that …

Medical care at the end of life, which is often is estimated to contribute up to a quarter of US health care spending …, often encounters skepticism from payers and policy makers who question its high cost and often minimal health benefits. It … irrational and wasteful, little explicit and systematic analysis exists on the incentives that determine end of life health care …