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dc.contributor.authorBommier, Antoineen_US
dc.contributor.authorVilleneuve, Bertranden_US
dc.date.accessioned2009-01-28T15:53:42Z-
dc.date.available2009-01-28T15:53:42Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/18905-
dc.description.abstractThis paper argues for an alternative methodology to estimate the value of risk to life. By relaxing the assumption of additive separability, we introduce risk aversion with respect to the length of life and show that the extended model better fits available data. This is crucial for the extrapolation stage that the evaluation of life-saving programs systematically requires. Current practice, we show, puts too little weight on the young. Our correction surpasses in magnitude that introduced by the switch from the notion of number of lives saved to the notion of years of life saved.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1267en_US
dc.subject.jelD61en_US
dc.subject.jelI18en_US
dc.subject.jelD91en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordvalue of statistical life ; lifecycle behavior ; cost-benefit analysisen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwSterblichkeiten_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwTheorieen_US
dc.titleRisk aversion and the value of risk to lifeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn395724988en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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