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Swedish National Road & Transport Research Institute (VTI) 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 published as:
Andersson, Henrik and Nicolas Treich, (2011), 'The Value of a Statistical Life' in de Palma, André, Robin Lindsey, Emile Quinet and Roger Vickerman (eds.) A Handbook of Transport Economics, chapter 17, pages 396-424, Edward Elgar.



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