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dc.contributor.authorAlberini, Annaen_US
dc.contributor.authorŠčasný, Milanen_US
dc.date.accessioned2010-11-24en_US
dc.date.accessioned2010-12-22T10:42:27Z-
dc.date.available2010-12-22T10:42:27Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43464-
dc.description.abstractWe report on the results of a survey based on conjoint choice experiments that was specifically designed to investigate the effect of context on the Value of a Statistical Life (VSL), an important input into the calculation of the mortality benefits of environmental policies that reduce premature mortality. We define 'context' broadly to include i) the cause of death (respiratory illness, cancer, road traffic accident), ii) the beneficiary of the risk reduction (adult v. child), and iii) the mode of provision of the risk reduction (public program v. private good). The survey was conducted following similar protocols in Italy and the Czech Republic. When do not distinguish for the cause of death, child and adult VSL are not significantly different from one another in Italy, and the difference is weak in the Czech sample. When we distinguish for the cause of death, we find that child and adult VSLs are different at the 1% level for respiratory illnesses and road-traffic accidents, but do not differ for cancer risks. We find evidence of a 'cancer premium' and a 'public program premium.' In both countries, the marginal utility of income is about 20% lower among wealthier people, which makes the VSL about 20% higher among respondents with incomes above the sample average. The discount rate implicit in people's choices is effectively zero. We conclude that there is heterogeneity in the VSL, and that such heterogeneity is primarily driven by risk characteristics and mode of delivery of the risk reduction, rather than by individual characteristics of the respondent (e.g., income and education). For the most part, our results do not disagree with environmental policy analyses that use the same VSL for children and adults, and that apply a cancer premium.en_US
dc.language.isoengen_US
dc.publisherFondazione Eni Enrico Mattei Milanoen_US
dc.relation.ispartofseriesNota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 2010,66en_US
dc.subject.jelI18en_US
dc.subject.jelJ17en_US
dc.subject.jelK32en_US
dc.subject.jelQ51en_US
dc.subject.ddc330en_US
dc.subject.keywordVSLen_US
dc.subject.keywordConjoint Choice Experimentsen_US
dc.subject.keywordMortality Risk Reductionsen_US
dc.subject.keywordCost-benefit Analysisen_US
dc.subject.keywordForced Choice Questionsen_US
dc.titleContext and the VSL: evidence from a stated preference study in Italy and the Czech Republicen_US
dc.typeWorking Paperen_US
dc.identifier.ppn640484379en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:FEEM Working Papers, Fondazione Eni Enrico Mattei

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