Scandinavian Working Papers in Economics

Working Papers,
Swedish National Road & Transport Research Institute (VTI)

No 2008:1: The Value of a Statistical Life

Henrik Andersson () and Nicolas Treich ()
Additional contact information
Henrik Andersson: VTI, Postal: Dept. of Transport Economics, P.O. Box 55685, SE-102 15 Stockholm, Sweden
Nicolas Treich: Toulouse School of Economics (INRA, LERNA), Postal: Aile J.-J. Laffont, Université des Sciences Sociales , 21 Allée de Brienne, 31000 Toulouse, France

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

JEL-codes: D61; D81; I10; Q51

36 pages, January 25, 2008

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Andersson_Treich_VSL.pdf PDF-file 

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