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Measuring the Value of a Statistical Life: Problems and Prospects / Orley Ashenfelter.
- Format:
- Book
- Author/Creator:
- Ashenfelter, Orley.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11916.
- NBER working paper series no. w11916
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Measuring the Value of a Statistical Life
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2006.
- Summary:
- Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this concept and summarizes the major issues, both theoretical and empirical, that must be confronted in order to provide a credible estimate of a VSL. The paper concludes with an application of these issues to a particular study of speed limits and highway safety.
- Notes:
- Print version record
- January 2006.
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