Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Kochi Ikuho & Taylor Laura O, 2011. "Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(3), pages 1-28, August.
References listed on IDEAS
- Joseph E. Aldy & W. Kip Viscusi, 2008.
"Adjusting the Value of a Statistical Life for Age and Cohort Effects,"
The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 573-581, August.
- Aldy, Joseph E. & Viscusi, W. Kip, 2006. "Adjusting the Value of a Statistical Life for Age and Cohort Effects," RFF Working Paper Series dp-06-19, Resources for the Future.
- Evans, Mary F. & Schaur, Georg, 2010. "A quantile estimation approach to identify income and age variation in the value of a statistical life," Journal of Environmental Economics and Management, Elsevier, vol. 59(3), pages 260-270, May.
- Fredrik Carlsson & Olof Johansson-Stenman & Peter Martinsson, 2004.
"Is Transport Safety More Valuable in the Air?,"
Journal of Risk and Uncertainty, Springer, vol. 28(2), pages 147-163, March.
- Carlsson, Fredrik & Johansson-Stenman, Olof & Martinsson, Peter, 2002. "Is Transport Safety More Valuable in the Air?," Working Papers in Economics 84, University of Gothenburg, Department of Economics.
- 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.
- 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.
- Beat Hintermann & Anna Alberini & Anil Markandya, 2010.
"Estimating the value of safety with labour market data: are the results trustworthy?,"
Applied Economics, Taylor & Francis Journals, vol. 42(9), pages 1085-1100.
- Beat Hintermann & Anna Alberini & Anil Markandya, 2006. "Estimating the Value of Safety with Labor Market Data: Are the Results Trustworthy?," Working Papers 2006.119, Fondazione Eni Enrico Mattei.
- Hintermann, Beat & Alberini, Anna & Markandya, Anil, 2006. "Estimating the Value of Safety with Labor Market Data: Are the Results Trustworthy?," Sustainability Indicators and Environmental Valuation Working Papers 12213, Fondazione Eni Enrico Mattei (FEEM).
- Thomas Kniesner & W. Viscusi & James Ziliak, 2010.
"Policy relevant heterogeneity in the value of statistical life: New evidence from panel data quantile regressions,"
Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 15-31, February.
- Kniesner, Thomas J. & Viscusi, W. Kip & Ziliak, James P., 2009. "Policy Relevant Heterogeneity in the Value of Statistical Life: New Evidence from Panel Data Quantile Regressions," IZA Discussion Papers 4508, Institute of Labor Economics (IZA).
- Thomas J. Kniesner & W. Kip Viscusi & James P. Ziliak, 2009. "Policy Relevant Heterogeneity in the Value of Statistical Life: New Evidence from Panel Data Quantile Regressions," Center for Policy Research Working Papers 118, Center for Policy Research, Maxwell School, Syracuse University.
- Janusz R. Mrozek & Laura O. Taylor, 2002. "What determines the value of life? a meta-analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 21(2), pages 253-270.
- Timothy L. McDaniels & Mark S. Kamlet & Gregory W. Fischer, 1992. "Risk Perception and the Value of Safety," Risk Analysis, John Wiley & Sons, vol. 12(4), pages 495-503, December.
- Kochi Ikuho & Taylor Laura O, 2011.
"Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence,"
Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(3), pages 1-28, August.
- Kochi, Ikuho & Taylor, Laura O., 2011. "Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(3), pages 1-28, August.
- Jones-Lee, M W & Hammerton, M & Philips, P R, 1985. "The Value of Safety: Results of a National Sample Survey," Economic Journal, Royal Economic Society, vol. 95(377), pages 49-72, March.
- Robinson Lisa A & Hammitt James K. & Aldy Joseph E. & Krupnick Alan & Baxter Jennifer, 2010. "Valuing the Risk of Death from Terrorist Attacks," Journal of Homeland Security and Emergency Management, De Gruyter, vol. 7(1), pages 1-27, February.
- Benjamin, Daniel K & Dougan, William R & Buschena, David, 2001. "Individuals' Estimates of the Risks of Death: Part II--New Evidence," Journal of Risk and Uncertainty, Springer, vol. 22(1), pages 35-57, January.
- Orley Ashenfelter & Michael Greenstone, 2004.
"Using Mandated Speed Limits to Measure the Value of a Statistical Life,"
Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages 226-267, February.
- Ashenfelter, Orley & Greenstone, Michael, 2002. "Using Mandated Speed Limits to Measure the Value of a Statistical Life," IZA Discussion Papers 571, Institute of Labor Economics (IZA).
- Orley Ashenfelter & Michael Greenstone, 2002. "Using Mandated Speed Limits to Measure the Value of a Statistical Life," NBER Working Papers 9094, National Bureau of Economic Research, Inc.
- Orley Ashenfelter & Michael Greenstone, 2002. "Using Mandated Speed Limits to Measure the Value of a Statistical Life," Working Papers 842, Princeton University, Department of Economics, Industrial Relations Section..
- Cookson, Richard, 2000. "Incorporating psycho-social considerations into health valuation: an experimental study," Journal of Health Economics, Elsevier, vol. 19(3), pages 369-401, May.
- Ludwig, Jens & Cook, Philip J, 2001.
"The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data,"
Journal of Risk and Uncertainty, Springer, vol. 22(3), pages 207-226, May.
- Jens Ludwig & Philip J. Cook, 1999. "The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data," NBER Working Papers 7166, National Bureau of Economic Research, Inc.
- Hammitt, James K & Graham, John D, 1999. "Willingness to Pay for Health Protection: Inadequate Sensitivity to Probability?," Journal of Risk and Uncertainty, Springer, vol. 18(1), pages 33-62, April.
- James Hammitt & Kevin Haninger, 2010. "Valuing fatal risks to children and adults: Effects of disease, latency, and risk aversion," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 57-83, February.
- Ikuho Kochi & Bryan Hubbell & Randall Kramer, 2006. "An Empirical Bayes Approach to Combining and Comparing Estimates of the Value of a Statistical Life for Environmental Policy Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 34(3), pages 385-406, July.
- Christopher R. Bollinger & Barry T. Hirsch, 2006.
"Match Bias from Earnings Imputation in the Current Population Survey: The Case of Imperfect Matching,"
Journal of Labor Economics, University of Chicago Press, vol. 24(3), pages 483-520, July.
- Bollinger, Christopher R. & Hirsch, Barry, 2005. "Match Bias from Earnings Imputation in the Current Population Survey: The Case of Imperfect Matching," IZA Discussion Papers 1846, Institute of Labor Economics (IZA).
- Glenn C. Blomquist, 2004.
"Self-Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy,"
Review of Economics of the Household, Springer, vol. 2(1), pages 89-110, March.
- Glenn C. Blomquist, 2003. "Self Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy," NCEE Working Paper Series 200302, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Mar 2003.
- Scotton, Carol R. & Taylor, Laura O., 2011. "Valuing risk reductions: Incorporating risk heterogeneity into a revealed preference framework," Resource and Energy Economics, Elsevier, vol. 33(2), pages 381-397, May.
- Black, Dan A & Kniesner, Thomas J, 2003.
"On the Measurement of Job Risk in Hedonic Wage Models,"
Journal of Risk and Uncertainty, Springer, vol. 27(3), pages 205-220, December.
- Dan A. Black & Thomas J. Kniesner, 2003. "On the Measurement of Job Risk in Hedonic Wage Models," Center for Policy Research Working Papers 49, Center for Policy Research, Maxwell School, Syracuse University.
- Dan A. Black & Thomas K. Kniesner, 2003. "On the Measurement of Job Risk in Hedonic Wage Models," NCEE Working Paper Series 200306, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Aug 2003.
- Mary Evans & V. Smith, 2010.
"Measuring how risk tradeoffs adjust with income,"
Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 33-55, February.
- Mary F. Evans & V. Kerry Smith, 2009. "Measuring How Risk Tradeoffs Adjust With Income," NBER Working Papers 15372, National Bureau of Economic Research, Inc.
- Savage, Ian, 1993. "An Empirical Investigation into the Effect of Psychological Perceptions on the Willingness-to-Pay to Reduce Risk," Journal of Risk and Uncertainty, Springer, vol. 6(1), pages 75-90, January.
- Sunstein, Cass R, 1997. "Bad Deaths," Journal of Risk and Uncertainty, Springer, vol. 14(3), pages 259-282, May-June.
- Ryan Bosworth & Trudy Ann Cameron & J.R. DeShazo, 2010. "Is an Ounce of Prevention Worth a Pound of Cure? Comparing Demand for Public Prevention and Treatment Policies," Medical Decision Making, , vol. 30(4), pages 40-56, July.
- Persson, Ulf & Norinder, Anna & Hjalte, Krister & Gralén, Katarina, 2001. "The Value of a Statistical Life in Transport: Findings from a New Contingent Valuation Study in Sweden," Journal of Risk and Uncertainty, Springer, vol. 23(2), pages 121-134, September.
- Trudy Ann Cameron, 2010. "Euthanizing the Value of a Statistical Life," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 4(2), pages 161-178, Summer.
- Susan Chilton & Michael Jones-Lee & Francis Kiraly & Hugh Metcalf & Wei Pang, 2006. "Dread risks," Journal of Risk and Uncertainty, Springer, vol. 33(3), pages 165-182, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Herrera-Araujo, Daniel & Rochaix, Lise, 2020.
"Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France,"
Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
- Daniel Herrera Araujo & Lise Rochaix, 2020. "Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France," Post-Print hal-03353422, HAL.
- Daniel Herrera Araujo & Lise Rochaix, 2020. "Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France," PSE-Ecole d'économie de Paris (Postprint) hal-03353422, HAL.
- Thomas J. Kniesner & W. Kip Viscusi, 2023.
"Compensating Differentials for Occupational Health and Safety Risks: Implications of Recent Evidence,"
Research in Labor Economics, in: 50th Celebratory Volume, volume 50, pages 83-116,
Emerald Group Publishing Limited.
- Kniesner, Thomas J. & Viscusi, W. Kip, 2022. "Compensating Differentials for Occupational Health and Safety Risks: Implications of Recent Evidence," IZA Discussion Papers 15117, Institute of Labor Economics (IZA).
- W. Kip Viscusi, 2015.
"The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life,"
American Journal of Health Economics, University of Chicago Press, vol. 1(1), pages 27-52, Winter.
- W. Kip Viscusi, 2015. "The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life," American Journal of Health Economics, MIT Press, vol. 1(1), pages 27-52, Winter.
- W. Kip Viscusi, 2014. "The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life," NBER Working Papers 20116, National Bureau of Economic Research, Inc.
- Gentry, Elissa Philip & Viscusi, W. Kip, 2016. "The fatality and morbidity components of the value of statistical life," Journal of Health Economics, Elsevier, vol. 46(C), pages 90-99.
- Lee, Jonathan M. & Taylor, Laura O., 2017. "Randomized Safety Inspections and Risk Exposure on the Job: Quasi-Experimental Estimates of the Value of a Statistical Life," CEnREP Working Papers 264973, North Carolina State University, Department of Agricultural and Resource Economics.
- Kochi, Ikuho & Taylor, Laura O., 2011.
"Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence,"
Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(3), pages 1-28, August.
- Kochi Ikuho & Taylor Laura O, 2011. "Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(3), pages 1-28, August.
- W. Viscusi & Elissa Gentry, 2015. "The value of a statistical life for transportation regulations: A test of the benefits transfer methodology," Journal of Risk and Uncertainty, Springer, vol. 51(1), pages 53-77, August.
- Guardado, José R. & Ziebarth, Nicolas R., 2013. "A Model of Worker Investment in Safety and Its Effects on Accidents and Wages," IZA Discussion Papers 7428, Institute of Labor Economics (IZA).
- Lisa A. Robinson & James K. Hammitt, 2016. "Valuing Reductions in Fatal Illness Risks: Implications of Recent Research," Health Economics, John Wiley & Sons, Ltd., vol. 25(8), pages 1039-1052, August.
- Scotton Carol R., 2013. "New risk rates, inter-industry differentials and the magnitude of VSL estimates," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 39-80, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Maureen Cropper & James K. Hammitt & Lisa A. Robinson, 2011.
"Valuing Mortality Risk Reductions: Progress and Challenges,"
Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 313-336, October.
- Maureen L. Cropper & James K. Hammitt & Lisa A. Robinson, 2011. "Valuing Mortality Risk Reductions: Progress and Challenges," NBER Working Papers 16971, National Bureau of Economic Research, Inc.
- Cropper, Maureen & Hammitt, James & Robinson, Lisa, 2011. "Valuing Mortality Risk Reductions:Progress and Challenges," LERNA Working Papers 11.11.345, LERNA, University of Toulouse.
- Cropper, Maureen & Hammitt, James K. & Robinson, Lisa A., 2011. "Valuing Mortality Risk Reductions: Progress and Challenges," RFF Working Paper Series dp-11-10, Resources for the Future.
- Cameron, Trudy Ann & DeShazo, J.R., 2013. "Demand for health risk reductions," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 87-109.
- Jonathan M. Lee & Laura O. Taylor, 2019.
"Randomized Safety Inspections and Risk Exposure on the Job: Quasi-experimental Estimates of the Value of a Statistical Life,"
American Economic Journal: Economic Policy, American Economic Association, vol. 11(4), pages 350-374, November.
- Jonathan M. Lee & Laura O. Taylor, 2014. "Randomized Safety Inspections And Risk Exposure On The Job: Quasi-Experimental Estimates Of The Value Of A Statistical Life," Working Papers 14-05, Center for Economic Studies, U.S. Census Bureau.
- W. Kip Viscusi, 2015.
"The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life,"
American Journal of Health Economics, University of Chicago Press, vol. 1(1), pages 27-52, Winter.
- W. Kip Viscusi, 2015. "The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life," American Journal of Health Economics, MIT Press, vol. 1(1), pages 27-52, Winter.
- W. Kip Viscusi, 2014. "The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life," NBER Working Papers 20116, National Bureau of Economic Research, Inc.
- Lisa A. Robinson & James K. Hammitt, 2016. "Valuing Reductions in Fatal Illness Risks: Implications of Recent Research," Health Economics, John Wiley & Sons, Ltd., vol. 25(8), pages 1039-1052, August.
- W. Viscusi & Elissa Gentry, 2015. "The value of a statistical life for transportation regulations: A test of the benefits transfer methodology," Journal of Risk and Uncertainty, Springer, vol. 51(1), pages 53-77, August.
- Scotton, Carol R. & Taylor, Laura O., 2011. "Valuing risk reductions: Incorporating risk heterogeneity into a revealed preference framework," Resource and Energy Economics, Elsevier, vol. 33(2), pages 381-397, May.
- Andersson, Henrik, 2006. "Willingness to Pay for Road Safety and Estimates of the Risk of Death: Evidence from a Swedish Contingent Valuation Study," Working Papers 2006:5, Swedish National Road & Transport Research Institute (VTI).
- Scotton Carol R., 2013. "New risk rates, inter-industry differentials and the magnitude of VSL estimates," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 39-80, March.
- Thomas J. Kniesner & W. Kip Viscusi, 2023.
"Compensating Differentials for Occupational Health and Safety Risks: Implications of Recent Evidence,"
Research in Labor Economics, in: 50th Celebratory Volume, volume 50, pages 83-116,
Emerald Group Publishing Limited.
- Kniesner, Thomas J. & Viscusi, W. Kip, 2022. "Compensating Differentials for Occupational Health and Safety Risks: Implications of Recent Evidence," IZA Discussion Papers 15117, Institute of Labor Economics (IZA).
- Thijs Dekker & Roy Brouwer & Marjan Hofkes & Klaus Moeltner, 2011. "The Effect of Risk Context on the Value of a Statistical Life: a Bayesian Meta-model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(4), pages 597-624, August.
- Lisa A. Robinson & James K. Hammitt, 2015. "Research Synthesis and the Value per Statistical Life," Risk Analysis, John Wiley & Sons, vol. 35(6), pages 1086-1100, June.
- Gentry, Elissa Philip & Viscusi, W. Kip, 2016. "The fatality and morbidity components of the value of statistical life," Journal of Health Economics, Elsevier, vol. 46(C), pages 90-99.
- Lee, Jonathan M. & Taylor, Laura O., 2017. "Randomized Safety Inspections and Risk Exposure on the Job: Quasi-Experimental Estimates of the Value of a Statistical Life," CEnREP Working Papers 264973, North Carolina State University, Department of Agricultural and Resource Economics.
- Henrik Andersson & Nicolas Treich, 2011.
"The Value of a Statistical Life,"
Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 17,
Edward Elgar Publishing.
- Andersson, Henrik & Treich, Nicolas, 2008. "The Value of a Statistical Life," Working Papers 2008:1, Swedish National Road & Transport Research Institute (VTI).
- Henrik Andersson, 2020. "The value of a statistical life," Post-Print hal-03610216, HAL.
- Andersson, Henrik & Treich, Nicolas, 2009. "The Value of a Statistical Life," TSE Working Papers 09-015, Toulouse School of Economics (TSE).
- ANDERSSON Henrik & TREICH Nicolas, 2009. "The Value of a Statistical Life," LERNA Working Papers 09.04.280, LERNA, University of Toulouse.
- Anna Alberini, 2017. "Measuring the economic value of the effects of chemicals on ecological systems and human health," OECD Environment Working Papers 116, OECD Publishing.
- Lisa A. Robinson & James K. Hammitt, 2011. "Behavioral Economics and Regulatory Analysis," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1408-1422, September.
- Cropper, Maureen L. & Joiner, Emily & Krupnick, Alan, 2023. "Revisiting the Environmental Protection Agency's Value of a Statistical Life," RFF Working Paper Series 23-30, Resources for the Future.
- James Hammitt & Kevin Haninger, 2010. "Valuing fatal risks to children and adults: Effects of disease, latency, and risk aversion," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 57-83, February.
- Henrik Lindhjem & Ståle Navrud & Nils Axel Braathen & Vincent Biausque, 2011. "Valuing Mortality Risk Reductions from Environmental, Transport, and Health Policies: A Global Meta‐Analysis of Stated Preference Studies," Risk Analysis, John Wiley & Sons, vol. 31(9), pages 1381-1407, September.
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:cup:jbcoan:v:2:y:2011:i:03:p:1-28_00. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/bca .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.