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The Value of a Statistical Life

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  • Andersson, Henrik
  • Treich, Nicolas
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.
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  • Andersson, Henrik & Treich, Nicolas, 2009. "The Value of a Statistical Life," TSE Working Papers 09-015, Toulouse School of Economics (TSE).
    • Handle: RePEc:tse:wpaper:22140
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    More about this item

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • I10 - Health, Education, and Welfare - - Health - - - General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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