The Valuation of Risks to Life
Evidence from the Market for Automobiles
Bibliographic Data
| ID | 19320205 |
|---|---|
| Authors | Scott E Atkinson, Robert Halvorsen |
| Year | 1990 |
| Volume | 72 |
| Issue | 1 |
| Pages | 133 |
| Publication date | 1990-02-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2109748 |
| OpenAlex | W2029489992 |
| Language | EN |
| Citations received | 5 |
| References cited | 6 |
Using hedonic regression techniques, estimates of the willingness-to-pay for changes in the risks of dying can be inferred from actual behavior in market situations involving risk-dollar tradeoffs. Thaler and Rosen (1975) pioneered this approach, obtaining estimates of the value of a statistical life using labor market data, in this paper we use the hedonic technique to obtain the first estimates of the value of a statistical life from data on the market for automobiles. Our estimated value of a statistical life for the sample as a whole is $3.357 million 1986 dollars. Copyright 1990 by MIT Press
Actuarial science · Business · Econometrics · Economics · Financial economics · Valuation (finance) · Economic and Environmental Valuation · Finance · Housing Market and Economics · Spatial and Panel Data Analysis
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,18 |
| Citation span | 1998 - 2010 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |