Valuing Mortality Risk Reductions: Progress and Challenges

Maureen Cropper, James Hammitt and Lisa Robinson ()

No 16971, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed-preference studies of wage compensation for occupational risks, on which analysts have primarily relied, have benefited from improved data and statistical methods. Stated-preference research has improved methodologically and expanded dramatically. Studies are now available for several health conditions associated with environmental causes and researchers have explored many issues concerning the validity of the estimates. With the growing numbers of both types of studies, several meta-analyses have become available that provide insight into the results of both methods. Challenges remain, including better understanding of the persistently smaller estimates from stated-preference than from wage-differential studies and of how valuation depends on the individual's age, health status, and characteristics of the illnesses most frequently associated with environmental causes.

JEL-codes: Q50 Q51 Q58 (search for similar items in EconPapers)
Date: 2011-04
New Economics Papers: this item is included in nep-env and nep-hea
Note: EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (57)

Published as Maureen Cropper & James K. Hammitt & Lisa A. Robinson, 2011. "Valuing Mortality Risk Reductions: Progress and Challenges," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 313-336, October.

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Journal Article: Valuing Mortality Risk Reductions: Progress and Challenges (2011)
Working Paper: Valuing Mortality Risk Reductions:Progress and Challenges (2011)
Working Paper: Valuing Mortality Risk Reductions: Progress and Challenges (2011)
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