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The Value of Statistical Life : A Meta-analysis of Meta-analyses

Banzhaf, H. Spencer - National Bureau of Economic Research - 2021

The Value of Statistical Life (VSL) is arguably the most important number in benefit-cost analyses of environmental …, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the … embarrassment of riches when it comes to VSL studies. While meta-analysis is a standard way to synthesize information across studies …

Persistent link: https://www.econbiz.de/10012616632

The Heterogeneous Value of a Statistical Life : Evidence from U.S. Army Reenlistment Decisions

Greenberg, Kyle; Greenstone, Michael; Ryan, Stephen; … - National Bureau of Economic Research - 2021

This paper estimates the value of a statistical life (VSL), or the willingness to trade-off wealth and mortality risk … approach and significant variation in retention bonuses and mortality risk, we recover average VSL estimates that range between … substantial heterogeneity in preferences across types. We find that the VSL increases rapidly with mortality risk within type, and …

Persistent link: https://www.econbiz.de/10012599394

Birds of a Feather : Estimating the Value of Statistical Life from Dual-Earner Families

Aldy, Joseph E. - 2019

statistical life (VSL) varies from $9 to $13 million (2016$). The within-couple differenced VSL estimates are stable and more …

Persistent link: https://www.econbiz.de/10012479659

Mortality Risk, Insurance, and the Value of Life

Bauer, Daniel - 2018

We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...

Persistent link: https://www.econbiz.de/10012480708

Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits

Carleton, Tamma A. - 2020

This paper develops the first globally comprehensive and empirically grounded estimates of mortality risk due to future temperature increases caused by climate change. Using 40 countries' subnational data, we estimate age-specific mortality-temperature relationships that enable both...

Persistent link: https://www.econbiz.de/10012481452

Terminal Care and The Value of Life Near Its End

Philipson, Tomas J. - 2010

Medical care at the end of life, 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. However, though many observers have claimed that such spending is often...

Persistent link: https://www.econbiz.de/10012463001

Measuring How Risk Tradeoffs Adjust With Income

Evans, Mary F. - 2009

Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a statistical life (IEVSL) overlook important restrictions implied by a more complete description of the individual choice problem. We develop a more general model of the IEVSL that...

Persistent link: https://www.econbiz.de/10012463278

Roy Model Sorting and Non-Random Selection in the Valuation of a Statistical Life

DeLeire, Thomas - 2008

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

Persistent link: https://www.econbiz.de/10012464284

The Value of Life in General Equilibrium

Jena, Anupam - 2008

Perhaps the most important change of the last century was the great expansion of life itself -- in the US alone, life expectancy increased from 48 to 78 years. Recent economic estimates confirm this claim, finding that the economic value of the gain in longevity was on par with the value of...

Persistent link: https://www.econbiz.de/10012464490

Complementarity and the Measurement of Individual Risk Tradeoffs : Accounting for Quantity and Quality of Life Effects

Evans, Mary F. - 2008

life (VSL) and the degree of complementarity between consumption and labor supplied when health status serves as a …

Persistent link: https://www.econbiz.de/10012464924