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New Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-Experiment
Rohlfs, Chris; Sullivan, Ryan; Kniesner, Thomas J. - Institute for the Study of Labor (IZA) - 2012
bags to trace out the demand curve for air bags and the implied distribution of the Value of a Statistical Life (VSL …) across consumers. While imprecise, our preferred point estimates indicate that the median VSL is between $7 million and $13 …
Persistent link: https://www.econbiz.de/10011252272
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Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life
Kniesner, Thomas J.; Viscusi, W. Kip; Ziliak, James P. - Institute for the Study of Labor (IZA) - 2012
less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of … use labor market estimates of VSL as a measure of the willingness to pay for additional safety. …
Persistent link: https://www.econbiz.de/10011096076
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Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the UK
Guignet, Dennis; Alberini, Anna - Fondazione ENI Enrico Mattei (FEEM) - 2013
quantitative and clearly specified measure of health risks. We find that Italian homeowners hold a value of a statistical life (VSL …) of about €6.4 million, but UK homeowners tend to hold a much lower VSL (€2.1 million). This may be due to the fact that … find that those who face higher baseline risks, due to higher air pollution levels where they live, hold a higher VSL …
Persistent link: https://www.econbiz.de/10010904937
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Willingness to accept equals willingness to pay for labor market estimates of the value of a statistical life
Kniesner, Thomas; Viscusi, W.; Ziliak, James - In: Journal of Risk and Uncertainty 48 (2014) 3, pp. 187-205
less safety, and the value of a statistical life (VSL). We present econometric estimates using panel data to analyze the … VSL levels associated with job changes that may affect the worker’s exposure to fatal injury risks. Our baseline VSL …-to-accept VSL estimates associated with wage increases for greater risks and willingness-to-pay VSL estimates as reflected in wage …
Persistent link: https://www.econbiz.de/10010937286
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The Long-Run Discount Rate Controversy
Gollier, Christian; Hammitt, James K. - In: Annual Review of Resource Economics 6 (2014) 1, pp. 273-295
The choice of the rate at which one should discount the long-term benefits of mitigating climate change is highly controversial. Both the level and the slope of the term structure of discount rates have been discussed intensively in relation to the determination of the social cost of carbon....
Persistent link: https://www.econbiz.de/10010951575
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The heterogeneity of the value of statistical life: Introduction and overview
Viscusi, W. - In: Journal of Risk and Uncertainty 40 (2010) 1, pp. 1-13
Persistent link: https://www.econbiz.de/10008480652
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Policy Relevant Heterogeneity in the Value of Statistical Life: New Evidence from Panel Data Quantile Regressions
Kniesner, Thomas J.; Viscusi, W. Kip; Ziliak, James P. - Center for Policy Research, Maxwell School - 2009
We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile … regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our … million to $8 million per life saved, but the VSL varies considerably cross the labor force. Our results reconcile the …
Persistent link: https://www.econbiz.de/10008461776
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Jury Verdicts in Drunken Driving Cases
Smith, Stan; Zaloshnja, Eduard; Miller, Ted; Smith, David; … - In: Review of Law & Economics 4 (2008) 1, pp. 22-22
The objective of this study was to examine the factors used by juries to make their decisions on compensatory damages awarded for physical injuries in automobile crash cases involving driving under the influence of alcohol and to compute a value that juries might award for hypothetical total...
Persistent link: https://www.econbiz.de/10005246141
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Monetary Value of a Life Expectancy Gain due to Reduced Air Pollution : Lessons from a Contingent Valuation in France
Desaigues, Brigitte; Rabl, Ari; Ami, Dominique; Kene, … - In: Revue d'économie politique 117 (2007) 5, pp. 675-698
This paper presents the results of a contingent valuation in France of the life expectancy gain due to a reduction of air pollution. A questionnaire developed by Krupnick at al. [2002] for North America was translated and administered to 300 individuals aged 40 to 75, but by contrast to the...
Persistent link: https://www.econbiz.de/10008680136
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The willingness to pay for mortality risk reductions in Mongolia
Hoffmann, Sandra; Qin, Ping; Krupnick, Alan; Badrakh, … - In: Resource and Energy Economics 34 (2012) 4, pp. 493-513
This paper reports results from a stated preference survey designed to estimate the willingness to pay for mortality risk reductions in Ulaanbaatar, Mongolia. The survey includes both contemporaneous and latent risk reductions of a magnitude typically achievable through clean air policy. The...
Persistent link: https://www.econbiz.de/10010580588