Le calcul de la valeur statistique d'une vie humaine
Estimation of statistical value of life
Georges Dionne and
MPRA Paper from University Library of Munich, Germany
Our society faces many risks that affect human life. Cost-benefit analysis is a very popular project-evaluation tool for reducing these social risks. The government has to set projects or regulations whose benefits will outweigh costs. It is quite easy to evaluate costs but how to evaluate the benefits linked to protecting human life? Since the 1970s, many values of life have been estimated with different methods. The wide variability of the results range from 0,5 million up to 50 million ($US, 2000). The main goal of this study is to analyze the source of this variability in results. We also want to determine a reasonable value for public decision making.
Keywords: Statistical value of life; meta-analysis; mixed effects regression model; hedonic wage method; risk, income effect; risk aversion; valeur statistique d’une vie humaine, méta-analyse, régression à effets mixtes, méthode hédonique d’estimation des salaires, risque, effet revenu, aversion au risque (search for similar items in EconPapers)
JEL-codes: D13 J38 H43 J58 D80 (search for similar items in EconPapers)
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Published in L'Actualité économique 4.86(2010): pp. 487-530
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Journal Article: Le calcul de la valeur statistique d’une vie humaine (2010)
Working Paper: Le calcul de la valeur statistique d'une vie humaine (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37573
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