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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
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
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
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
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 endogenous mortality. Climate change impacts the economy through two channels. First, a degrading environmental … quality increases mortality, affecting the demand for health care. Second, production losses are caused through deteriorating …-induced mortality increases demand for medical care, reduced income tends to lower health spending, particularly among the elderly …
Persistent link: https://www.econbiz.de/10011596940
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
cancer mortality risk when answering the valuation questions. We estimate the cancer VSL to be between € 1.9 and 5.7 million … in the first place). The product of these two probabilities is the unconditional cancer mortality risk. Our hypothetical …, depending on whether the (unconditional) mortality risk was reduced by lowering the chance of getting cancer, increasing the …
Persistent link: https://www.econbiz.de/10011599245