At the time of writing this report, there have been over 33 million recorded cases of COVID-19 virus and over 1 million deaths. It’s important to note that there are conflicting claims that the recorded data may underestimate or overestimate the mortality and/or infection rate.Equally, it’s...

A substantial literature over the past thirty years has evaluated tradeoffs between money and fatality risks. These values in turn serve as estimates of the value of a statistical life. This article reviews more than 60 studies of mortality risk premiums from ten countries and approximately 40...

Viscusi and Aldy (2003) observe that "most studies of the U.S. labor market find that union affiliation is positively correlated with a greater wage-risk tradeoff while international evidence is much more mixed." They provide several arguments as to why the risk premium might be higher for union...

Per the National Academy of Sciences’ 2017 recommendations, the social cost of carbon (SCC) is now calculated with a modular framework in which researchers can easily substitute different models for estimating climate damages. The modular approach is an improvement from previous practice, but...

The refinement in worker fatality risk data used in hedonic wage studies and evidence from new stated preference studies have facilitated the exploration of the heterogeneity of the value of statistical life (VSL). Although the median VSL estimate for workers is $7-$8 million, the VSL varies...

Revealed preference evidence, especially based on wage-risk tradeoffs in the labor market, provides the primary empirical basis for analyses of the value of statistical life (VSL). This market evidence also provides guidance on how VSL varies with age. While labor market studies have generated...

Our research addresses fundamental long-standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0 to almost $30 million....

Research on the family spillover effects of health shocks, which has focused mainly on labor market outcomes, has yielded inconclusive results, with limited insight into long-term consequences or underlying mechanisms. We analyze the short- and long-term impacts of cancer on the unaffected...

Besides the theoretical approach, the paper also includes an research conducted with students of the Faculty of Jornalism and Communication at the University of Bucarest. The main objective of this research was to determine the extent to which the media fiction (television series for youth)...

Our research on life expectancy started from analysing mortality in the counties of Bihor and Sătmar. We focused on different elements influencing mortality rate. The frequent mortality crises and daily life in the countryside in north-western Transylvania resulted in a low life expectancy at...