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The value of risks to life and health
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This article is published in Journal of Economic Literature.The article was published on 1993-12-01 and is currently open access. It has received 1223 citations till now. The article focuses on the topics: Value of life & Business risks.read more
Citations
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The annual impact of seasonal influenza in the US: Measuring disease burden and costs
Noelle-Angelique M. Molinari,Ismael R. Ortega-Sanchez,Mark L. Messonnier,William W. Thompson,Pascale M. Wortley,Eric Weintraub,Carolyn B. Bridges +6 more
TL;DR: The results highlight the enormous annual burden of influenza in the US, with hospitalization costs and lost productivity from missed work days and lost lives comprise the bulk of the economic burden.
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The value of a statistical life: A critical review of market estimates throughout the world
W. Kip Viscusi,Joseph E. Aldy +1 more
TL;DR: More recently, this article reviewed more than 60 studies of mortality risk premiums from ten countries and approximately 40 studies that present estimates of injury risk premiums, and concluded that an income elasticity of the value of a statistical life from about 0.5 to 0.6 was found.
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The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World
W. Kip Viscusi,Joseph E. Aldy +1 more
TL;DR: More recently, this article reviewed more than 60 studies of mortality risk premiums from ten countries and approximately 40 studies that present estimates of injury risk premiums, and concluded that an income elasticity of the value of a statistical life from about 0.5 to 0.6 was found.
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Is Technological Change In Medicine Worth It
David M. Cutler,Mark McClellan +1 more
TL;DR: It is concluded that medical spending as a whole is worth the increased cost of care, and has many implications for public policy.
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Is Addiction “Rational”? Theory and Evidence
Jonathan Gruber,Botond Koszegi +1 more
TL;DR: In this paper, a new and convincing evidence that smokers are forward-looking in their smoking decisions, using state excise tax increases that have been legislatively enacted but are not yet effective, and monthly data on consumption.
References
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Journal ArticleDOI
Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products
TL;DR: In this paper, a stochastic structure for hedonic equilibrium models is proposed, identification results are presented, and estimation procedures are outlined, and the authors develop these issues.
Journal ArticleDOI
Evaluation of Life and Limb: A Theoretical Approach
TL;DR: None of the existing methods of evaluating loss or saving life, or assessing an increase or reduction in accidents resulting from investment projects, is satisfactory for a number of reasons, so chiefly because they are all inconsistent with the Pareto base of existing allocation theory and benefit-cost analysis.
Related Papers (5)
The value of a statistical life: A critical review of market estimates throughout the world
W. Kip Viscusi,Joseph E. Aldy +1 more