Valuing Mortality Risk Reductions: Progress and Challenges
2011
This article focuses on the value of mortality risk reduction, an important component of the benefits estimates for environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed-preference studies of wage compensation for occupational risks, on which analysts have primarily relied, have benefited from improved data and statistical methods. Stated-preference research has improved methodologically and expanded dramatically. In these studies, researchers have explored many issues concerning the validity of the estimates. Challenges remain, including developing a better understanding of why stated preference studies lead to smaller estimates than wage-differential studies and how valuation depends on the individual's age and health status and the characteristics of the illnesses.
Valuing Mortality Risk Reductions: Progress and Challenges
Source:
Cropper M, Hammitt JK, Robinson LA. Valuing Mortality Risk Reductions: Progress and Challenges. Annual Review of Resource Economics 2011; 3: 313-336. https://doi.org/10.1146/annurev.resource.012809.103949