Working Papers, Swedish National Road & Transport Research Institute (VTI)
No 2008:1:
The Value of a Statistical Life
Henrik Andersson ()
and Nicolas Treich ()
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.
Keywords: Mortality Risk; Transport; Value of a Statistical Life; Willingness to Pay; (follow links to similar papers)
JEL-Codes: D61; D81; I10; Q51; (follow links to similar papers)
36 pages, January 25, 2008
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- This paper is forthcoming as:
-
Andersson, Henrik and Nicolas Treich, 'The Value of a Statistical Life', in de Palma, André, Robin Lindsey, Emile Quinet and Roger Vickerman (eds.) Handbook in Transport Economics, Edward Elgar
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