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Mortality Risks Induced by the Costs of Regulations

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  • Keeney, Ralph L
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    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

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    Bibliographic Info

    Article provided by Springer in its journal Journal of Risk and Uncertainty.

    Volume (Year): 8 (1994)
    Issue (Month): 1 (January)
    Pages: 95-110

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    Handle: RePEc:kap:jrisku:v:8:y:1994:i:1:p:95-110

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    Web page: http://www.springerlink.com/link.asp?id=100299

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    Cited by:
    1. G. Dionne & P. Lanoie, 2002. "How to Make a Public Choice about the Value of a Statistical Life : The Case of Road Safety," THEMA Working Papers 2002-14, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    2. 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.
    3. Dionne, Georges & Lanoie, Paul, 2003. "Public Choice About the Value of a Statistical Life For Cost-Benefit Analyses: The Case of Road Safety," Working paper 140, Regulation2point0.

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