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Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France

Daniel Herrera-Araujo and Lise Rochaix

Journal of Environmental Economics and Management, 2020, vol. 103, issue C

Abstract: This paper provides an empirical assessment of the effects of age and baseline health on the Value per Statistical Life (VSL) by reporting the results of a compensating wage differential for occupational fatality risk in France. We exploit Constances, a novel population-based cohort that combines respondents' full medical history, elicited using face-to-face interviews with physicians, with respondents' work history, extracted from administrative records. Focusing on blue-collar males, aged between 20 and 59 years of age, we find an average VSL estimate of at least 6.5 million euros. Our results suggest that VSL decreases with age and with better baseline health.

Keywords: Value per statistical life; France; Wage compensating differentials; Age; Baseline health (search for similar items in EconPapers)
JEL-codes: I1 J17 J28 J3 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France (2020)
Working Paper: Does the Value per Statistical Life vary with age or baseline health? Evidence from a compensating wage study in France (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeeman:v:103:y:2020:i:c:s0095069620300619

DOI: 10.1016/j.jeem.2020.102338

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Journal of Environmental Economics and Management is currently edited by M.A. Cole, A. Lange, D.J. Phaneuf, D. Popp, M.J. Roberts, M.D. Smith, C. Timmins, Q. Weninger and A.J. Yates

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