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The value of a statistical life (VSL) monetizes the expected loss in well-being associated with the risk of death. The utility loss resulting from a fatality is central to the empirical framework for estimating the VSL. The VSL trajectory over the life cycle exhibits an inverted-U shape,...
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We investigate the accuracy of ex ante assessments of vulnerability to poverty using cross-sectional data and panel … vulnerability predictions is limited even when panel data are used. In part this low accuracy is due to low poverty incidence and … high mobility. -- vulnerability ; poverty ; ROC ; German panel data …
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