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Previous research speculates that some regulations are counterproductive in the sense that they increase (rather than decrease) mortality risk. However, few empirical studies have measured the extent to which this phenomenon holds across the regulatory system as a whole. Using a novel US state...
Persistent link: https://www.econbiz.de/10013251080
This paper updates the cost-per-life-saved cutoff, which is a cost-effectiveness threshold for life- saving regulations, whereby regulations costing more per life saved than this threshold level are expected to increase mortality risk on net. Two competing methods of deriving the cutoff exist: a...
Persistent link: https://www.econbiz.de/10012920555
In evaluating whether a proposed regulation will have net benefits, economists often conduct a cost-benefit analysis. For regulations that are likely to impact human life and safety, that can involve putting a dollar value on human lives that may be saved or lost. A common way to do this is...
Persistent link: https://www.econbiz.de/10012829895
This paper updates the mortality cost of expenditures. Because changes in income lead to changes in mortality risk, regulatory expenditures costing more per life saved than a threshold cost-per-life saved cutoff level are expected to increase mortality risk. This article discusses the mechanisms...
Persistent link: https://www.econbiz.de/10012834407
In 2021, the Occupational Safety and Health Administration (OSHA) issued two emergency temporary standard regulations related to COVID-19 hazards in US workplaces. One regulation covered healthcare sector workers, while the second regulation would have covered workers at firms with 100 or more...
Persistent link: https://www.econbiz.de/10013471002
This paper updates the cost-per-life-saved cutoff, which is a cost-effectiveness threshold for lifesaving regulations, whereby regulations costing more per life saved than this threshold level are expected to increase mortality risk on net. Two competing methods of deriving the cutoff exist: a...
Persistent link: https://www.econbiz.de/10012942209