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Pricing Lives: Guideposts for a Safer Society

2018

This book describes how the government came to adopt the value of a statistical life (VSL) approach for valuing changes in mortality risks and argues that its more widespread use would create a safer and more equitable society. The author estimates these values based on how much more money workers would demand to take on more hazardous jobs; his current estimate is $10 million. The book addresses numerous topics such as whether older people’s lives are worth less and richer people’s lives are worth more, and how corporations and the courts can use these values.

 

Source:

Viscusi WK. Pricing Lives: Guideposts for a Safer Society. Princeton University Press 2018. https://press.princeton.edu/books/hardcover/9780691179216/pricing-lives