Scandinavian Working Papers in Economics

Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Approaching the value of a life year – Empirical evidence from a Danish contingent valuation survey

2010, Volume 2010, issue 1, pp. 67-85

Jytte Seested Nielsen ()
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Jytte Seested Nielsen: Department of Health Economics, University of Southern Denmark, Postal: Studiestræde 6, 1455 København, Danmark

Abstract: The accepted standard for dealing with changes in mortality in costbenefit analyses has been to estimate the value of a statistical life. However, when valuing premature mortality caused by a permanent change in air pollution it has been suggested to value a gain in life expectancy instead and these values should then be aggregated into the value of a life year. Theoretical and empirical research in this area is, however, scarce. This paper presents results from a Danish web-based contingent valuation survey in an air pollution context and finds the VOLY to be in t

Keywords: mortality; cross-benefit; statistical life; air pollution

JEL-codes: A10

Language: English

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