How Do Legislators Value Constituent’s (Statistical) Lives? COVID-19, Partisanship, and Value of a Statistical Life Analysis

Michelangelo Geovanny Landgrave

No n93w2, SocArXiv from Center for Open Science

Abstract: Value of statistical life (VSL) analysis is common place in policy circles to evaluate the effectiveness of policy. As I show using a novel survey experiment with United States' state legislators, actual use of VSL analysis faces several problems. Firstly, policy preferences are inelastic, unchanging, regardless of the cost. Secondly, policy preferences are determined in large by actors' party ID. This means that VSL analysis, in practice, will either encourage policies that are too risky to too risk adverse.

Date: 2020-04-15
New Economics Papers: this item is included in nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:n93w2

DOI: 10.31219/osf.io/n93w2

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