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The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions...
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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). Because the majority of the lives saved by environmental policies are those of...
Persistent link: https://www.econbiz.de/10011606716
This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...
Persistent link: https://www.econbiz.de/10011606927
We estimate the demand value of road safety improvements in Switzerland from survey data using a novel elicitation approach. Individuals’ responses to questions about how much public spending on road safety should be increased are combined with observations of income, tax rate, and road usage...
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. -- Imperfect Altruism ; Real Options ; Hyperbolic Discounting ; Time Inconsistency ; Natural Resources Management …
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Poor families have more children and transfer less resources to them. This suggests that family decisions about … fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend … fertility, family transfers, and education. The model, estimated to the US in the 2000s, implies that a counterfactual flat …
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