Robust estimates of value of a statistical life for developing economies
AbstractEnvironmental economists use the value-of-statistical-life (VSL) approach to value mortality changes resulting from environmental improvement. Because of scarce data, VSL estimates are unavailable for most 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 1992 purchasing power parity (PPP) $519,000-675,000 per life.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 23 (2001)
Issue (Month): 4 (May)
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Web page: http://www.elsevier.com/locate/inca/505735
Other versions of this item:
- Bowland, Brad J. & Beghin, John C., 2001. "Robust Estimates of Value of a Statistical Life for Developing Economies," Staff General Research Papers 5196, Iowa State University, Department of Economics.
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ostr, Bart & Sanchez, Jose Miguel & Aranda, Carlos & Eskeland, Gunnar S., 1995. "Air pollution and mortality : results from Santiago, Chile," Policy Research Working Paper Series 1453, The World Bank.
- Brad J. Bowland & John C. Beghin, 1998.
"Robust Estimates of Value of a Statistical Life for Developing Economies: An Application to Pollution and Mortality in Santiago,"
Center for Agricultural and Rural Development (CARD) Publications
99-wp214, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Brad J. Bowland & John C. Beghin, 1998. "Robust Estimates of Value of a Statistical Life for Developing Economies: An Application to Pollution and Mortality in Santiago," Food and Agricultural Policy Research Institute (FAPRI) Publications 99-wp214, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Beghin, John C. & Bowland, Brad J. & Dessus, Sebastien & Roland-Holst, David & Van der Mensbrugghe, Dominique, 1999. "Trade, Environment, and Public Health in Chile. Evidence from an Economywide Model," Staff General Research Papers 1904, Iowa State University, Department of Economics.
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