A Tale of the Tails: The Value of a Statistical Life at the Tails of the Age Distribution

被引：0
|
作者：
Kniesner, Thomas J. [1 ,2 ,3 ]
Viscusi, W. Kip [4 ]
机构：
[1] Syracuse Univ, Syracuse, NY USA
[2] IZA, Bonn, Germany
[3] Claremont Grad Univ, Econ Sci, Claremont, CA USA
[4] Vanderbilt Law Sch, Nashville, TN 37203 USA
来源：
JOURNAL OF BENEFIT-COST ANALYSIS | 2024年
关键词：
age; children; circular A-4; elderly; value of a statistical life; value of a statistical life year; VSL; VSLY; WILLINGNESS-TO-PAY; RISKS; MORTALITY; CHILDREN; ADULTS; HEALTH; COST;
D O I：
10.1017/bca.2024.17
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The considerable literature on the value of a statistical life (VSL) documents the wage-mortality risk trade-offs for the working population. Regulatory analyses often must monetize risks to populations at the tails of the age distribution. Because of the longer life expectancy for children, there have been proposals to add a premium to their VSL, which would generate an inconsistency with revealed preference estimates of the VSL trajectory over the life cycle. The shorter life expectancy among older people has led to various arbitrary senior discounts for seniors' life expectancy. Application of the value of a statistical life year (VSLY) can address valuation of small changes in life expectancy. Examples of inappropriate age adjustments that we discuss include practices by the Consumer Product Safety Commission (CPSC) and the Environmental Protection Agency (EPA).
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页数：19
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