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 … also examines the risk-risk analysis approach and provides a comprehensive survey of the use of VSL by government agencies. …

The fatality risk-money tradeoff that is the value of a statistical life (VSL) may vary with the nature of the fatality … the sum of the value of the fatality risk and the value of the morbidity risk. Labor market valuations of morbidity risks … are positive, even for fatalities that are caused by traumatic injuries. The value of the fatality risk is the dominant …