COST BENEFIT ANALYSIS, VALUE OF A STATISTICAL LIFE AND CULTURE: CHALLENGES FOR RISK REGULATION

Pablo Marquez

MPRA Paper from University Library of Munich, Germany

Abstract: The author studies three aspects of human live valuation and its relation with cost benefit analysis and regulation. More precisely the author addresses the problem of valuation of a statistical human life and its relation with cost benefit analysis in mortality risk reduction. First, studies the debate about Valuation of a Statistical Human Life (VSL) and Cost-Benefit Analysis (CBA) in mortality risks regulation; second, deals with two challenges to CBA and VSL, these are (a) the problem of discount rates and the problem of (dis)counting of future human lives, and (b), tests if culture (represented as a set of values) has an incidence in risk preferences and therefore, in willingness to pay for life in different countries.

Keywords: Cost Benefit Analysis; Value of a Statistical Life; Culture Consequences; Regulation; Cross-country analysis (search for similar items in EconPapers)
JEL-codes: K13 K23 K29 K32 (search for similar items in EconPapers)
Date: 2006-12, Revised 2007-02
New Economics Papers: this item is included in nep-hea and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2632

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