• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Mortality Risk Valuation in Environment, Health and Transport Policies Product Image

Mortality Risk Valuation in Environment, Health and Transport Policies

  • Published: January 2012
  • 140 Pages
  • OECD Publishing

The idea of associating a monetary value with human life is very challenging and can seem insensitive or harsh. Life is indeed priceless, at least when considered from the complex perspective of an individual. However, policy makers are regularly devising policies and regulations that affect people’s risk of death and that seek to protect lives in society, and require methodologies for comparing the costs of reducing risk with the expected benefits in terms of lives saved.

The benefits of prevented mortalities can be expressed in terms of a “Value of a Statistical Life” (VSL), which represents the value a given population places ex ante on avoiding the death of an unidentified individual. VSL is based on the sum of money each individual is prepared to pay for a given reduction in the risk of premature death, for example from diseases linked to air pollution.

The book presents a major meta-analysis of 'value of a statistical life' (VSL) estimates derived from surveys where people around the world have been asked about their willingness to pay for small reduction in mortality risks. The analysis seeks to explain the differences in the estimates, for example READ MORE >

Chapter 1. The valuation of mortality risk
-Annex 1.A1. Value of a statistical life year (VOLY)
-Annex 1.A2. An illustration of how VSL estimates have been used

Chapter 2. Meta-database on stated preference studies of mortality risk valuation

Chapter 3. Meta-regression analysis of value of statistical life estimates
-Annex 3.A1. Additional meta-regressions
-Annex 3.A2. A selection of regressions with additional variables
-Annex 3.A3. Studies included in the main meta-regressions

Chapter 4. Using meta-analysis for benefit transfer: Issues and examples

Chapter 5. How to derive Value of a Statistical Life numbers for policy analysis

Chapter 6. Recommended Value of a Statistical Life numbers for policy analysis

Chapter 7. Recommendations for use of Value of a Statistical Life figures in policy assessments

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos