Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18905
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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. Byrelaxing the assumption of additive separability, we introduce risk aversion with respect to thelength of life and show that the extended model better fits available data. This is crucial forthe 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 inmagnitude that introduced by the switch from the notion of number of lives saved to thenotion of years of life saved.en_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo Working Paper |x1267en_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.ppn85688541Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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