The value of a statistical life

• This paper on the value of a statistical life (VSL) has been prepared for the Handbook in Transport Economics, edited by André de Palma, Robin Lindsey, Emile Quinet and Roger Vickerman. The paper's first objective is to survey some classical theoretical and empirical findings in the VSL literature; but it also attempts to clarify some of these issues often raised by the application of the WTP approach to study of mortality risks.

Subject headings

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

Keyword

Accident prevention

Fatality

Risk

Cost

Value analysis

Statistical analysis

Mathematical model

Theory

Road: Traffic safety and accidents

Road: Traffic safety and accidents

Road: Economics

Road: Economics

Publication and Content Type

vet (subject category)

rap (subject category)