Valuing Mortality Risk Reductions: Progress and Challenges / Maureen L. Cropper, James K. Hammitt, Lisa A. Robinson.

Format:

Book

Author/Creator:

Cropper, Maureen L.

Contributor:

National Bureau of Economic Research.

Hammitt, James K.

Robinson, Lisa A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w16971.

NBER working paper series no. w16971

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Valuing Mortality Risk Reductions

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2011.

Summary:

The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed-preference studies of wage compensation for occupational risks, on which analysts have primarily relied, have benefited from improved data and statistical methods. Stated-preference research has improved methodologically and expanded dramatically. Studies are now available for several health conditions associated with environmental causes and researchers have explored many issues concerning the validity of the estimates. With the growing numbers of both types of studies, several meta-analyses have become available that provide insight into the results of both methods. Challenges remain, including better understanding of the persistently smaller estimates from stated-preference than from wage-differential studies and of how valuation depends on the individual's age, health status, and characteristics of the illnesses most frequently associated with environmental causes.

Notes:

Print version record

April 2011.