The Value of a Statistical Life

Henrik Andersson () and Nicolas TREICH ()

No 2008:1, Working Papers from Swedish National Road & Transport Research Institute (VTI)

Abstract: 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.

Keywords: Mortality Risk; Transport; Value of a Statistical Life; Willingness to Pay (search for similar items in EconPapers)
JEL-codes: D61 D81 I10 Q51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hea and nep-ias
Date: 2008-01-25
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Published in A Handbook of Transport Economics, de Palma, André, Lindsey, Robin, Quinet, Emile, Vickerman, Roger (eds.), 2011, chapter 17, pages 396-424, Edward Elgar.

Downloads: (external link)
http://www.transguide.org/SWoPEc/Andersson_Treich_VSL.pdf (application/pdf)

Related works:
Working Paper: The Value of a Statistical Life (2009)
Working Paper: The Value of a Statistical Life (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:vtiwps:2008_001

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