The value of a statistical life for out-of-hospital cardiac arrest victims
Background: Economic evaluation of policies regarding out-of-hospital cardiac arrest (OHCA) is important and we estimate the value of a statistical life (VSL) for OHCA victims. Method: Responses to a national Swedish mail survey in 2007, based on the stated-preference technique (contingent valuation) to directly elicit individuals hypothetical willingness to pay for a reduced risk of dying from OHCA. Results: VSL values are found to be higher than for comparable VSL estimates from the transport sector. A lower-bound estimate of VSL for OHCA would be around SEK 20-30 million. Conclusions: The results in this paper indicates that it is not an overestimation to use the „baseline VSL value from the transport sector (SEK 22 million) in cost-benefit analysis of OHCA policy decisions. We do not support a senior death discount for this cause of death.
|Date of creation:||16 Jun 2010|
|Contact details of provider:|| Postal: Örebro University School of Business, SE - 701 82 ÖREBRO, Sweden|
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Web page: http://www.oru.se/Institutioner/Handelshogskolan-vid-Orebro-universitet/
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- Johannesson, Magnus & Johansson, Per-Olov & Lofgren, Karl-Gustaf, 1997.
"On the Value of Changes in Life Expectancy: Blips versus Parametric Changes,"
Journal of Risk and Uncertainty,
Springer, vol. 15(3), pages 221-239, December.
- Johannesson, Magnus & Johansson, Per-Olov & Löfgren, Karl-Gustaf, 1997. "On the Value of Changes in Life Expectancy: Blips versus Parametric Changes," SSE/EFI Working Paper Series in Economics and Finance 152, Stockholm School of Economics.
- Anna Alberini, 2004. "Robustness of VSL Values from Contingent Valuation Surveys," Working Papers 2004.135, Fondazione Eni Enrico Mattei.
- Anna Alberini, 2005. "Robustness of VSL Values from Contingent Valuation Surveys," NCEE Working Paper Series 200501, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Jan 2005.
- Alan Krupnick, 2007. "Mortality-risk Valuation and Age: Stated Preference Evidence," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 261-282, Summer. Full references (including those not matched with items on IDEAS)
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