Promoting Equity through Equitable Risk Tradeoffs
نویسندگان
چکیده
Abstract The impact and economic merits of President Biden’s Executive Order 13985 on equity depend how the executive order is implemented. While policy discussion to date has focused equitable outcomes, we propose framing risk policies in terms tradeoff rates based six guidelines. starting point for ex ante evaluation mortality should be symmetric application value a statistical life (VSL) all groups. Because substantial heterogeneity VSLs by income demographic characteristics, generate subsidies deficits relative private values risk. Efforts provide distributional preferences grounded an understanding differentials already provided through uniform VSL. Targeting government programs specific groups coupled with estimates efficiency loss implicit rate ratio average VSL needed support redistributive policy. Here, guidance that could incorporated revised version Office Management Budget Circular A-4. We contrast approach post procedure Biden Administration’s recently proposed Justice40 plan, where 40% benefits existing must targeted certain minority without examination their cost effectiveness either feasible or currently planned.
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ژورنال
عنوان ژورنال: Journal of Benefit-cost Analysis
سال: 2023
ISSN: ['2194-5888', '2152-2812']
DOI: https://doi.org/10.1017/bca.2023.4