Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/123814
Authors: 
Russell, Louise B.
Year of Publication: 
2014
Series/Report no.: 
Working Papers, Department of Economics, Rutgers, The State University of New Jersey 2014-13
Abstract: 
Value of Statistical Life (VSL) studies suggest that people's willingness to pay for statistical lives is consistent with their willingness to pay for identified lives. The idea that the valuations are different may be no more than an artifact of the economic method for valuing statistical lives, the human capital approach, that was dominant at the time the distinction was proposed.
Subjects: 
Value of Statistical Life
Identified Lives
JEL: 
D6
I1
H4
Document Type: 
Working Paper

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