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respondents. We examine how homeowners in the United Kingdom and Italy value mortality risk reductions by asking them to choose … among hypothetical variants of their home that differ in terms of mortality risks from air pollution and price. To our … 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/10010189442
compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in … turn reveal the value of a statistical life (VSL), the value of a statistical injury (VSI), and the value of a statistical … life year (VSLY), which have both mortality and morbidity aspects that we describe and apply here. All such tradeoff rates …
Persistent link: https://www.econbiz.de/10013168073
also examines the risk-risk analysis approach and provides a comprehensive survey of the use of VSL by government agencies. …The value of risks to life as measured by the risk-money trade-off plays a fundamental role in economic analyses of … health and safety risks and serves as the principal benefit measure for government risk regulation policies. The hedonic …
Persistent link: https://www.econbiz.de/10014025525
pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory … question whether using VSL figures based on private risk reduction, which is usually recommended to avoid double … ; Mortality Risk Reductions ; Cost-benefit Analysis ; Forced Choice Questions …
Persistent link: https://www.econbiz.de/10008747732
The fatality risk-money tradeoff that is the value of a statistical life (VSL) may vary with the nature of the fatality … component of VSL, rather than the value of the morbidity risk …. This article analyzes fatality risks accompanied by morbidity effects of different duration to disentangle the mortality …
Persistent link: https://www.econbiz.de/10013005167
statistical life (VSL) and relative severity/injury estimates from the Department of Transportation (DOT), we estimate an overall … is almost 40% higher than the total valuation of $1.6 trillion (using about $11 million VSL from the DOT) for all …
Persistent link: https://www.econbiz.de/10012271657
contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …
Persistent link: https://www.econbiz.de/10011606927
for an immediate risk reduction. If the risk reduction takes place 20 years from now, however, the implied VSL is about … highly than risk reductions in the more distant future. We also find that the VSL is "individuated", in the sense that it …We use conjoint choice questions to investigate people's preferences for income and reductions in mortality risks …
Persistent link: https://www.econbiz.de/10014055963
and Cairns, and hence to much larger estimates of the reduced mortality benefits of remediating the hazardous waste in the … Naples and Caserta areas. We also examine the importance of the discount rates, since the mortality benefits of remediation … ; Hazardous Waste Sites ; Contaminated Sites ; Cancer ; Mortality Benefits ; Cost-Benefit Analysis …
Persistent link: https://www.econbiz.de/10008732114
respondents. We examine how homeowners in the United Kingdom and Italy value mortality risk reductions by asking them to choose … among hypothetical variants of their home that differ in terms of mortality risks from air pollution and price. To our … 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/10014154181