IDEAS home Printed from https://ideas.repec.org/h/eme/rlwezz/s0193-5895(07)23012-x.html
   My bibliography  Save this book chapter

The Marginal Willingness to Pay for Longevity: A Better Way to Value Changes in Mortality Hazard

In: Research in Law and Economics

Author

Listed:
  • Neil Bruce
  • Robert Halvorsen

Abstract

One of the most contentious issues concerning benefit–cost analyses of environmental and other regulatory programs has been the valuation of reductions in mortality risks. The conceptual basis for most valuation exercises has been the value of a statistical life (VSL). However, despite decades of both theoretical and empirical research on the meaning and measurement of the VSL concept, there is no consensus concerning the validity of the results it produces in actual applications. In this paper, we review the development and application of the VSL approach and then propose what we believe to be a better way to value changes in mortality hazard.

Suggested Citation

  • Neil Bruce & Robert Halvorsen, 2007. "The Marginal Willingness to Pay for Longevity: A Better Way to Value Changes in Mortality Hazard," Research in Law and Economics, in: Research in Law and Economics, pages 273-299, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-5895(07)23012-x
    DOI: 10.1016/S0193-5895(07)23012-X
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1016/S0193-5895(07)23012-X/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1016/S0193-5895(07)23012-X/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1016/S0193-5895(07)23012-X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:rlwezz:s0193-5895(07)23012-x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.