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Mortality Risks Induced by the Costs of Regulations

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  • Keeney, Ralph L

Abstract

Regulatory costs are ultimately paid for by the individuals in our society. The reduction in disposable income can lead to changes in purchasing, such as for safety and health care; stress, such as from job loss; and behavior, such as smoking or alcohol consumption. On average, these changes induce greater mortality risks and lead to premature deaths. This paper examines cases in which regulatory costs are primarily placed either on the general public or on individuals in a specific industry. Several policy issues concerning the mortality risks of regulatory costs are addressed. Neglecting the consideration of the fatalities induced by regulatory costs in the setting of regulations will lead to unnecessary deaths of Americans. Copyright 1994 by Kluwer Academic Publishers

Suggested Citation

  • Keeney, Ralph L, 1994. "Mortality Risks Induced by the Costs of Regulations," Journal of Risk and Uncertainty, Springer, vol. 8(1), pages 95-110, January.
  • Handle: RePEc:kap:jrisku:v:8:y:1994:i:1:p:95-110
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    Cited by:

    1. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    2. Moshe Yanovskiy & Yehoshua Socol, 2022. "Are Lockdowns Effective in Managing Pandemics?," IJERPH, MDPI, vol. 19(15), pages 1-12, July.
    3. Georges Dionne & Paul Lanoie, 2002. "How to Make a Public Choice About the Value of a Statistical Life: The Case of Road Safety," Cahiers de recherche 02-04, HEC Montréal, Institut d'économie appliquée.
    4. Richard J. Zeckhauser & W. Kip Viscusi, 1996. "The Risk Management Dilemma," The ANNALS of the American Academy of Political and Social Science, , vol. 545(1), pages 144-155, May.
    5. Patrick Hofstetter & Jane C. Bare & James K. Hammitt & Patricia A. Murphy & Glenn E. Rice, 2002. "Tools for Comparative Analysis of Alternatives: Competing or Complementary Perspectives?," Risk Analysis, John Wiley & Sons, vol. 22(5), pages 833-851, October.
    6. James K. Hammitt & Eric S. Belsky & Jonathan I. Levy & John D. Graham, 1999. "Residential Building Codes, Affordability, and Health Protection: A Risk‐Tradeoff Approach," Risk Analysis, John Wiley & Sons, vol. 19(6), pages 1037-1058, December.
    7. Raucher Robert S. & Rubin Scott J & Crawford-Brown Douglas & Lawson Megan M., 2011. "Benefit-Cost Analysis for Drinking Water Standards: Efficiency, Equity, and Affordability Considerations in Small Communities," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(1), pages 1-24, January.
    8. Ralph L. Keeney, 1995. "Understanding Life‐Threatening Risks," Risk Analysis, John Wiley & Sons, vol. 15(6), pages 627-637, December.
    9. Shamoun, Dima & Williams, Richard & Broughel, James & Calabrese, Edward, 2016. "Regulation under Uncertainty: Use of the Linear No-Threshold Model in Chemical and Radiation Exposure," Working Papers 04174, George Mason University, Mercatus Center.

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