VSL reconsidered: What do labor supply estimates reveal about risk preferences?

V. Kerry Smith; Subhrendu K. Pattanayak; George L. Van Houtven

doi:10.1016/S0165-1765(03)00081-8

VSL reconsidered: What do labor supply estimates reveal about risk preferences?

V. Kerry Smith, Subhrendu K. Pattanayak, George L. Van Houtven

WPC: Economics

Research output: Contribution to journal › Article

6 Scopus citations

Abstract

We propose and illustrate a theoretically consistent framework for linking estimates of the value of a statistical life (VSL) to individual preferences. Our example suggests a method for using estimates of the labor supply elasticity to impute a VSL estimate.

Original language	English (US)
Pages (from-to)	147-153
Number of pages	7
Journal	Economics Letters
Volume	80
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(03)00081-8
State	Published - Aug 1 2003

Keywords

Labor supply
Preference calibration
Value of statistical life

ASJC Scopus subject areas

Finance
Economics and Econometrics

Access to Document

10.1016/S0165-1765(03)00081-8

Fingerprint Dive into the research topics of 'VSL reconsidered: What do labor supply estimates reveal about risk preferences?'. Together they form a unique fingerprint.

Cite this

Smith, V. K., Pattanayak, S. K., & Van Houtven, G. L. (2003). VSL reconsidered: What do labor supply estimates reveal about risk preferences? Economics Letters, 80(2), 147-153. https://doi.org/10.1016/S0165-1765(03)00081-8

@article{38f50449f9dd47e48e7bf6acfcabed42,

title = "VSL reconsidered: What do labor supply estimates reveal about risk preferences?",

abstract = "We propose and illustrate a theoretically consistent framework for linking estimates of the value of a statistical life (VSL) to individual preferences. Our example suggests a method for using estimates of the labor supply elasticity to impute a VSL estimate.",

keywords = "Labor supply, Preference calibration, Value of statistical life",

author = "Smith, {V. Kerry} and Pattanayak, {Subhrendu K.} and {Van Houtven}, {George L.}",

year = "2003",

month = aug,

day = "1",

doi = "10.1016/S0165-1765(03)00081-8",

language = "English (US)",

volume = "80",

pages = "147--153",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

number = "2",

}

TY - JOUR

T1 - VSL reconsidered

T2 - What do labor supply estimates reveal about risk preferences?

AU - Smith, V. Kerry

AU - Pattanayak, Subhrendu K.

AU - Van Houtven, George L.

PY - 2003/8/1

Y1 - 2003/8/1

N2 - We propose and illustrate a theoretically consistent framework for linking estimates of the value of a statistical life (VSL) to individual preferences. Our example suggests a method for using estimates of the labor supply elasticity to impute a VSL estimate.

AB - We propose and illustrate a theoretically consistent framework for linking estimates of the value of a statistical life (VSL) to individual preferences. Our example suggests a method for using estimates of the labor supply elasticity to impute a VSL estimate.

KW - Labor supply

KW - Preference calibration

KW - Value of statistical life

UR - http://www.scopus.com/inward/record.url?scp=30244458115&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=30244458115&partnerID=8YFLogxK

U2 - 10.1016/S0165-1765(03)00081-8

DO - 10.1016/S0165-1765(03)00081-8

M3 - Article

AN - SCOPUS:30244458115

VL - 80

SP - 147

EP - 153

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 2

ER -