Le cacul de la valeur statistique d'une vie humaine

Georges Dionne () and Martin Lebeau
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Martin Lebeau: Institut de recherche Robert-Sauvé en santé et en sécurité du travail

No 10-7, Working Papers from HEC Montreal, Canada Research Chair in Risk Management

Abstract: 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: Value of statistical life; meta-analysis; mixed effects regression model; hedonic wage method; risk; income effect; risk aversion (search for similar items in EconPapers)
JEL-codes: D13 D80 H43 J38 J58 (search for similar items in EconPapers)
Pages: 62 pages
Date: 2010-11-26
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Related works:
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)
Working Paper: Le calcul de la valeur statistique d'une vie humaine (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:crcrmw:2010_007

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