unbounded commitments. Such resource constraints arise in almost all health and safety risk contexts, which has led to a …). Government agencies use these values reflecting attitudes toward small changes in risk to monetize the largest benefit component …’s own rate of tradeoff between risk and money and in effect creates a quasi-market approach to public policy assessment …

Economic research has developed estimates of the heterogeneity of the value of statistical life (VSL) on dimensions … such as individual age, income, immigrant status, and the nature of the risk exposure. This paper examines the empirical … of at least 0.5. The analysis of age variations in VSL is accompanied by a review of the value of statistical life year …

Revealed preference evidence, especially based on wage-risk tradeoffs in the labor market, provides the primary …

This paper provides a systematic review of the economic analysis of health, safety, and environmental regulations … market risk levels are too great. Hazard warnings policies often can address informational failures. Some market failures may … be exacerbated by government policies, particularly those embodying conservative risk assessment practices. Labor market …