Do We Really Value Identified Lives More Highly Than Statistical Lives?

Value of Statistical Life (VSL) studies suggest that people’s willingness to pay for statistical lives is consistent with their willingness to pay for identified lives. The idea that the valuations are different may be no more than an artifact of the economic method for valuing statistical lives, the human capital approach, that was dominant at the time the distinction was proposed.

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Year of publication:	2014-09-30
Authors:	Russell, Louise B
Institutions:	Department of Economics, Rutgers University-New Brunswick
Subject:	Value of Statistical Life \| Identified Lives

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Extent:	application/pdf
Series:	Departmental Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Medical Decision Making, 34(5), July 2014, 556-559. I paid the required fee to have the right to distribute the paper as I choose. 20 pages
Classification:	D6 - Welfare Economics ; I1 - Health ; H4 - Publicly Provided Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010960245