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| Heinzerling, Lisa; Ackerman, Frank. |
| What is the dollar value of saving a human life? Cost-benefit analysis of health and environmental regulation requires such a number, yet the concept raises numerous ethical and philosophical questions. There are good general reasons to reject the entire enterprise of monetizing life, and specific reasons to criticize the methods used to create such values. Valuations of life are most often based on analysis of the wage premium for risky jobs. Recent EPA analyses have relied on an extensive but dated database of wage-risk estimates, leading to an inflation-adjusted estimate of $6.1 million per life in 1999 dollars. A more appropriate interpretation of that database implies an estimate of at least $9-11 million. Some newer studies suggest much lower values... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/15571 |
