TY  - RPRT
        AU  - Ashenfelter, Orley
        TI  - Measuring the Value of a Statistical Life: Problems and Prospects
        PY  - 2006/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1911
        UR  - https://www.iza.org/index.php/publications/dp1911
        AB  - Tradeoffs between monetary wealth and fatal safety risks are summarized in the value of a statistical life (VSL), a measure that is widely used for the evaluation of public policies in medicine, the environment, and transportation safety. This paper demonstrates the widespread use of this concept and summarizes the major issues, both theoretical and empirical, that must be confronted in order to provide a credible estimate of a VSL. The paper concludes with an application of these issues to a particular study of speed limits and highway safety.
        KW  - value of a statistical life
KW  - speed limits
KW  - safety risks
KW  - evaluation
        ER  -