The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World
By W. Kip Viscusi, Joseph E. Aldy, Michael Viscusi, John F. Cogan. 2003
1,401 citations recorded by the source corpus.
Subfields: Economics and Econometrics, General Decision Sciences
View Paper: https://www.semanticscholar.org/paper/1c2d9df61763cfbbfcdfc9b94027511f934811d4
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Anna Alberini
- Aline Chiabai
- Nicolas Treich
- Henrik Andersson
- Anil Markandya
- Thomas J. Kniesner
- R. Scharff
- T. Bergstrom
In General Decision Sciences
- Anna Alberini
- Aline Chiabai
- Thomas J. Kniesner
- R. Scharff
- T. Bergstrom
- Ying Zhou
- James K Hammitt
- Nicolas Treich
Citations in the corpus
- Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study (2006, positive): “9. In a recent review of compensating wage studies, Viscusi and Aldy (2003) recommend using a VSL of $5–9 million dollars based on US labor markets.”
- On the Measurement of Job Risk in Hedonic Wage Models (2003, positive): “3 Indeed, because job risk is a normal good (Viscusi and Aldy 2002), economic theory suggests that factors increasing the wages and, hence, the wealth of the workers should reduce job risk.”
- The economic effects of density: A synthesis (2019, neutral): “The statistical value of life is to $7,000,000 according to Viscusi & Aldy (2003) and confirmed in later studies (Hammitt & Haninger 2010; Viscusi 2010).”
- Cost-Benefit Analysis and the Environment: Recent Developments (2006, neutral): “One of the most detailed meta-studies, by Viscusi and Aldy (2003), replicates previous meta-studies, and finds point estimates of the elasticity of WTP of between 0.5 to 0.6 and certainly less than unity.”
- Economic burden from health losses due to foodborne illness in the United States. (2012, positive): “value of 1 day (derived from the value of statistical life) (23).”
- The cost of crime to society: new crime-specific estimates for policy and program evaluation. (2010, positive): “…1975; Rosser and Kind, 1978; Rice and Mackenzie and Associates, 1989; French and Mauskopf, 1992; Miller et al., 1993; French et al., 1996; Viscusi and Aldy, 2003), the willingness-to-pay (WTP) approach (Cohen et al., 2004; Ludwig and Cook, 2001; Viscusi and Zeckauser, 2008; Baron and…”