The Fatality and Injury Costs of Expenditures
AbstractAll production activities generate health risks to workers. This article employs input-output analysis in conjunction with job-risk data by industry to construct measures of the direct and indirect risks imposed by expenditures. Both fatalities and nonfatal injuries (which include illnesses) are considered. The occupational-risk component of expenditures is generally in the range of 3-4% of costs, with nonfatal injuries contributing the larger share. Expenditure levels that generate a fatality or a lost-workday injury are provided by industry, as are a variety of other measures that consider both created and avoided risks pertinent to risk-risk analyses and cost-effectiveness analyses, respectively. Copyright 1994 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Risk and Uncertainty.
Volume (Year): 8 (1994)
Issue (Month): 1 (January)
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- W. Kip Viscusi & Joseph E. Aldy, 2003.
"The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World,"
NBER Working Papers
9487, National Bureau of Economic Research, Inc.
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- Aldy, Joseph E. & Viscusi, W. Kip, 2003. "The Value of Statistical Life: A Critical Review of Market Estimates throughout the World," Working paper 282, Regulation2point0.
- Marija Bockarjova & Piet Rietveld & Erik T. Verhoef, 2012. "Composite Valuation of Immaterial Damage in Flooding: Value of Statistical Life, Value of Statistical Evacuation and Value of Statistical Injury," Tinbergen Institute Discussion Papers 12-047/3, Tinbergen Institute.
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