Alberini, Anna; Hunt, Alistair; Markandya, Anil - In: Environmental & Resource Economics 33 (2006) 2, pp. 251-264
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). Since the majority of the lives saved by environmental policies are those of older...