health and safety risks and serves as the principal benefit measure for government risk regulation policies. The hedonic … on health status. The VSL varies with age, income, the cause of death (e.g., cancer), and other factors. This chapter … also examines the risk-risk analysis approach and provides a comprehensive survey of the use of VSL by government agencies. …

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 …

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 …