Valuing Mortality Risk Reductions: Progress and Challenges

Maureen Cropper, James Hammitt and Lisa Robinson ()

RFF Working Paper Series from Resources for the Future

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.

Keywords: value of a statistical life; mortality risk reduction; hedonic wage studies; stated preference studies (search for similar items in EconPapers)
JEL-codes: Q50 Q51 Q58 (search for similar items in EconPapers)
Date: 2011-03-17
New Economics Papers: this item is included in nep-env, nep-hea and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (56)

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Related works:
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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