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 …

contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …

This paper accounts for the value of children and future generations in the evaluation of health policies. This is … adults’ willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the … evaluation of current policies. Our model clarifies a series of puzzles from the literature on the “value of life” and on …

immediate risk reduction. If the risk reduction takes place 20 years from now, however, the implied VSL is about €1.26 million …We use conjoint choice questions to investigate people s preferences for income and reductions in mortality risks … permanent risk reductions, but not just any amount. Risk reductions in the nearer future are valued more highly than risk …

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 …

In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect … discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality … risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth …

the risk reduction, respondent age (via the baseline risk), and respondent health status. WTP increases with the size of … for a given risk reduction than younger individuals of comparable characteristics. Poor health, however, tends to raise … WTP, so that the appropriate VSL of elderly individuals in poor health may be quite large. Our results support the notion …

rates implicit in (a) money v. future risk reductions and (b) money v. money tradeoffs. We find that the mean personal … gender. The discount rate implicit in money v. risk tradeoffs is in line with estimates from studies in the US and Europe …