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| Alberini, Anna; Scasny, Milan. |
| The Value of a Statistical Life is a key input into the calculation of the benefits of environmental policies that save lives. To date, the VSL used in environmental policy analyses has not been adjusted for age or the cause of death. Air pollution regulations, however, are linked to reductions in the risk of dying for cancer, heart disease, and respiratory illnesses, raising the question whether a single VSL should be applied for all of these causes of death. We conducted a conjoint choice experiment survey in Milan, Italy, to investigate this question. We find that the VSL increases with dread, exposure, the respondents’ assessments of the baseline risks, and experience with the specific risks being studied. The VSL is higher when the risk reduction is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: VSL; Conjoint Choice Experiments; Mortality Risk Reductions; Cost-benefit Analysis; Forced Choice Questions; Research Methods/ Statistical Methods; I18; J17; K32; Q51. |
| Ano: 2010 |
URL: http://purl.umn.edu/98097 |
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| Bowland, Brad J.; Beghin, John C.. |
| The value-of-statistical-life (VSL) approach is used by environmental economists to value mortality changes resulting from environmental improvement, such as decreased urban air pollution. Because of scarce data, VSL estimates are not available for developing countries. Using robust regression techniques, we conduct a meta-analysis of VSL studies in industrialized countries to derive a VSL prediction function for developing economies accounting for differences in risk, income, human capital levels, and other demographic characteristics of these economies. We apply our estimated VSL to assess the willingness-to-pay for reduction in mortality linked to air pollution in Santiago, Chile. We find willingness-to-pay estimates in the range of $519,000 to $675,000... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Air pollution; Meta-analysis; Mortality; Santiago; VSL; Willingness-to-pay; Environmental Economics and Policy; I12; Q25; O15. |
| Ano: 1998 |
URL: http://purl.umn.edu/18471 |
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