Statistical Life (VSL) derived from Willingness To Pay (WTP) for mortality risk reduction was used to assess the costs of …

Adam Smith's idea that wage differences reveal preferences for risk rests on firm theoretical foundations. This paper … usually identifies compensating wage differentials for risk by regressing individual wages on aggregate measures of risk …, usually industry or occupation average risk. If jobs differ within industries or occupations, the "aggregate approach" may …

The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot …, the intensity of risk, and the way risk resolves over time. The characterized class of reference-dependent utilitarian … welfare criteria: (i) disentangle aversion to intergenerational inequality from aversion to risk; (ii) value an early …