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Valuing Deaths Caused by Climate Change: Challenges for the Social Cost of Carbon and Global Externalities

In: Environmental and Energy Policy and the Economy, volume 8

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  • Danny Bressler
  • Geoffrey M. Heal

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  • Danny Bressler & Geoffrey M. Heal, 2026. "Valuing Deaths Caused by Climate Change: Challenges for the Social Cost of Carbon and Global Externalities," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 8, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:15446
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    References listed on IDEAS

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    1. Kniesner, Thomas J. & Viscusi, W. Kip, 2023. "Promoting Equity through Equitable Risk Tradeoffs," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 14(1), pages 8-34, March.
    2. Tamma Carleton & Amir Jina & Michael Delgado & Michael Greenstone & Trevor Houser & Solomon Hsiang & Andrew Hultgren & Robert E Kopp & Kelly E McCusker & Ishan Nath & James Rising & Ashwin Rode & Hee , 2022. "Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits [Distributive Politics and Economic Growth]," The Quarterly Journal of Economics, Oxford University Press, vol. 137(4), pages 2037-2105.
    3. Matthew D. Adler, 2016. "Editor's Choice Benefit–Cost Analysis and Distributional Weights: An Overview," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 264-285.
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    5. Al McGartland, 2021. "Quality Science for Quality Decisions: Protecting the Scientific Integrity of Benefit–Cost Analysis," Review of Environmental Economics and Policy, University of Chicago Press, vol. 15(2), pages 340-351.
    6. Kaplow, Louis & Shavell, Steven, 1994. "Why the Legal System Is Less Efficient Than the Income Tax in Redistributing Income," The Journal of Legal Studies, University of Chicago Press, vol. 23(2), pages 667-681, June.
    7. Robert E. Hall & Charles I. Jones, 2007. "The Value of Life and the Rise in Health Spending," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(1), pages 39-72.
    8. Sen, Amartya, 1973. "On Economic Inequality," OUP Catalogue, Oxford University Press, number 9780198281931.
    9. Fleurbaey, Marc & Hammitt, James K., 2024. "The Right Numeraire or the Just Weights? How to Make BCA Rational and Fair," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 15(S1), pages 6-25, December.
    10. Azar, Christian & Sterner, Thomas, 1996. "Discounting and distributional considerations in the context of global warming," Ecological Economics, Elsevier, vol. 19(2), pages 169-184, November.
    11. Masterman, Clayton J. & Viscusi, W. Kip, 2018. "The Income Elasticity of Global Values of a Statistical Life: Stated Preference Evidence," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 9(3), pages 407-434, October.
    12. Lawrence H. Goulder & Roberton C. Williams, 2012. "The Choice Of Discount Rate For Climate Change Policy Evaluation," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 1-18.
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    14. Ted Gayer & W. Kip Viscusi, 2016. "Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(2), pages 245-263.
    15. Eeckhoudt, Louis R & Hammitt, James K, 2001. "Background Risks and the Value of a Statistical Life," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 261-279, November.
    16. Prest, Brian C., 2026. "Adopting the Social Cost of Carbon for State Benefit-Cost Analysis: A Primer for Practitioners," RFF Reports 26-11, Resources for the Future.
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    18. Banzhaf, H. Spencer, 2023. "Distribution and Disputation: Net Benefits, Equity, and Public Decision-Making," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 14(2), pages 205-229, July.
    19. Paul A. Samuelson, 1950. "Evaluation Of Real National Income," Oxford Economic Papers, Oxford University Press, vol. 2(1), pages 1-29.
    20. Hausman,Daniel M. & McPherson,Michael S., 2006. "Economic Analysis, Moral Philosophy and Public Policy," Cambridge Books, Cambridge University Press, number 9780521846295, June.
    21. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
    22. Louis Kaplow & Steven Shavell, 2001. "Any Non-welfarist Method of Policy Assessment Violates the Pareto Principle," Journal of Political Economy, University of Chicago Press, vol. 109(2), pages 281-286, April.
    23. Broome, John, 2024. "The Value of Life in the Social Cost of Carbon: A Critique and a Proposal," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 15(S1), pages 110-126, December.
    24. Kevin Rennert & Frank Errickson & Brian C. Prest & Lisa Rennels & Richard G. Newell & William Pizer & Cora Kingdon & Jordan Wingenroth & Roger Cooke & Bryan Parthum & David Smith & Kevin Cromar & Dela, 2022. "Comprehensive evidence implies a higher social cost of CO2," Nature, Nature, vol. 610(7933), pages 687-692, October.
    25. Robinson, Lisa A. & Hammitt, James K. & O’Keeffe, Lucy, 2019. "Valuing Mortality Risk Reductions in Global Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 10(S1), pages 15-50, April.
    26. Acland, Daniel J. & Greenberg, David H., 2023. "Distributional weighting and welfare/equity tradeoffs: a new approach," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 14(1), pages 68-92, March.
    27. Sanchirico, Chris William, 2000. "Taxes versus Legal Rules as Instruments for Equity: A More Equitable View," The Journal of Legal Studies, University of Chicago Press, vol. 29(2), pages 797-820, June.
    28. Louis Kaplow, 2005. "The Value of a Statistical Life and the Coefficient of Relative Risk Aversion," Journal of Risk and Uncertainty, Springer, vol. 31(1), pages 23-34, July.
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