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Valuing Mortality Risk Reductions: Progress and Challenges

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  • Cropper, Maureen

    ()
    (Resources for the Future)

  • Hammitt, James K.
  • Robinson, Lisa A.

Abstract

The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed preference studies of wage compensation for occupational risks, on which analysts have primarily relied, have benefited from improved data and statistical methods. Stated preference research has improved methodologically and expanded dramatically. Studies are now available for several health conditions associated with environmental causes, and researchers have explored many issues concerning the validity of the estimates. With the growing numbers of both types of studies, several meta-analyses have become available that provide insight into the results of both methods. Challenges remain, including better understanding of the persistently smaller estimates from stated preference than from wage differential studies and of how valuation depends on the individual’s age, health status, and characteristics of the illnesses most frequently associated with environmental causes.

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Bibliographic Info

Paper provided by Resources For the Future in its series Discussion Papers with number dp-11-10.

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Date of creation: 17 Mar 2011
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Handle: RePEc:rff:dpaper:dp-11-10

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Keywords: value of a statistical life; mortality risk reduction; hedonic wage studies; stated preference studies;

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References

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Cited by:
  1. David Anthoff & Richard Tol, 2013. "The uncertainty about the social cost of carbon: A decomposition analysis using fund," Climatic Change, Springer, vol. 117(3), pages 515-530, April.
  2. Hammitt, James & Roman, Henry & Stieb, David & Walsh, Tyra, 2012. "Expert Elicitation of the Value per Statistical Life in an Air Pollution Context," LERNA Working Papers 12.10.367, LERNA, University of Toulouse.

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