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) |
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Pages (from-to) | 147-153 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 80 |
Issue number | 2 |
DOIs | |
State | Published - Aug 1 2003 |
Keywords
- Labor supply
- Preference calibration
- Value of statistical life
ASJC Scopus subject areas
- Finance
- Economics and Econometrics