Working Papers, Swedish Business School, Örebro University
No 2010:4:
The value of a statistical life for out-of-hospital cardiac arrest victims
Björn Sund ()
Abstract: Background: Economic evaluation of policies regarding
out-of-hospital cardiac arrest (OHCA) is important and we estimate the
value of a statistical life (VSL) for OHCA victims. Method: Responses to a
national Swedish mail survey in 2007, based on the stated-preference
technique (contingent valuation) to directly elicit individuals
hypothetical willingness to pay for a reduced risk of dying from OHCA.
Results: VSL values are found to be higher than for comparable VSL
estimates from the transport sector. A lower-bound estimate of VSL for OHCA
would be around SEK 20-30 million. Conclusions: The results in this paper
indicates that it is not an overestimation to use the „baseline VSL value
from the transport sector (SEK 22 million) in cost-benefit analysis of OHCA
policy decisions. We do not support a senior death discount for this cause
of death.
Keywords: Contingent valuation; Value of a statistical life; Cardiac arrest; (follow links to similar papers)
JEL-Codes: H43; I18; (follow links to similar papers)
24 pages, June 16, 2010
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