Author: Anna AlberiniPublisher:
ISBN:
Category :
Languages : en
Pages : 34
Book Description
Does the Value of a Statistical Life Vary with Age and Health Status?
Author: Anna AlberiniPricing Lives
Author: W. Kip ViscusiPublisher: Princeton University Press
ISBN: 069120859X
Category : Business & Economics
Languages : en
Pages : 289
Book Description
How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix it Like it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL—and persuasively shows how its more widespread use could create a safer and more equitable society for everyone. In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is $10 million. In this book, Viscusi provides a comprehensive look at all aspects of economic and policy efforts to price lives, including controversial topics such as whether older people's lives are worth less and richer people's lives are worth more. He explains why corporations need to abandon the misguided cost-of-death approach, how the courts can profit from increased application of VSL in assessing liability and setting damages, and how other countries consistently undervalue risks to life. Pricing Lives proposes sensible economic guideposts to foster more protective policies and greater levels of safety in the United States and throughout the world.
Estimating the Value of a Statistical Life
Author: Orley AshenfelterPublisher:
ISBN:
Category : Automobile driving
Languages : en
Pages : 12
Book Description
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of monetary trade-offs regarding safety in other contexts.
Fatal Tradeoffs
Author: W. Kip ViscusiPublisher: Oxford University Press, USA
ISBN: 0195102932
Category : Decision-making
Languages : en
Pages : 321
Book Description
Examining issues related to the social regulation of risk, this volume contains essays on the value of life, empirical estimates of the value of life, the rationality of individual responses to risk, the effect of government risk regulation efforts, and the role of the courts and insurance.
The Aging Population in the Twenty-First Century
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309038812
Category : Medical
Languages : en
Pages : 340
Book Description
It is not news that each of us grows old. What is relatively new, however, is that the average age of the American population is increasing. More and better information is required to assess, plan for, and meet the needs of a graying population. The Aging Population in the Twenty-First Century examines social, economic, and demographic changes among the aged, as well as many health-related topics: health promotion and disease prevention; quality of life; health care system financing and use; and the quality of careâ€"especially long-term care. Recommendations for increasing and improving the data availableâ€"as well as for ensuring timely access to themâ€"are also included.
The Economics of Safety and Physical Risk
Author: M. W. Jones-LeePublisher: Wiley-Blackwell
ISBN: 9780631147664
Category : Business & Economics
Languages : en
Pages : 318
Book Description
Estimating Mortality Risk Reduction and Economic Benefits from Controlling Ozone Air Pollution
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309177855
Category : Nature
Languages : en
Pages : 226
Book Description
In light of recent evidence on the relationship of ozone to mortality and questions about its implications for benefit analysis, the Environmental Protection Agency asked the National Research Council to establish a committee of experts to evaluate independently the contributions of recent epidemiologic studies to understanding the size of the ozone-mortality effect in the context of benefit analysis. The committee was also asked to assess methods for estimating how much a reduction in short-term exposure to ozone would reduce premature deaths, to assess methods for estimating associated increases in life expectancy, and to assess methods for estimating the monetary value of the reduced risk of premature death and increased life expectancy in the context of health-benefits analysis. Estimating Mortality Risk Reduction and Economic Benefits from Controlling Ozone Air Pollution details the committee's findings and posits several recommendations to address these issues.
Aging in Sub-Saharan Africa
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309180090
Category : Social Science
Languages : en
Pages : 368
Book Description
In sub-Saharan Africa, older people make up a relatively small fraction of the total population and are supported primarily by family and other kinship networks. They have traditionally been viewed as repositories of information and wisdom, and are critical pillars of the community but as the HIV/AIDS pandemic destroys family systems, the elderly increasingly have to deal with the loss of their own support while absorbing the additional responsibilities of caring for their orphaned grandchildren. Aging in Sub-Saharan Africa explores ways to promote U.S. research interests and to augment the sub-Saharan governments' capacity to address the many challenges posed by population aging. Five major themes are explored in the book such as the need for a basic definition of "older person," the need for national governments to invest more in basic research and the coordination of data collection across countries, and the need for improved dialogue between local researchers and policy makers. This book makes three major recommendations: 1) the development of a research agenda 2) enhancing research opportunity and implementation and 3) the translation of research findings.
Designing Household Survey Questionnaires for Developing Countries : Lessons from 15 Years of the Living Standards Measurement Study
Author: Margaret E. GroshPublisher:
ISBN:
Category : Developing countries
Languages : en
Pages : 366
Book Description
Comprehensive and informative document on the design, implementation, and use of household surveys in developing countries.
Demography of Aging
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309050855
Category : Social Science
Languages : en
Pages : 424
Book Description
As the United States and the rest of the world face the unprecedented challenge of aging populations, this volume draws together for the first time state-of-the-art work from the emerging field of the demography of aging. The nine chapters, written by experts from a variety of disciplines, highlight data sources and research approaches, results, and proposed strategies on a topic with major policy implications for labor forces, economic well-being, health care, and the need for social and family supports.