Is there a meaningful definition of the value of a statistical life?
نویسنده
چکیده
A definition of the value of a statistical life is derived. This definition has a meaningful interpretation in terms of the monetary value of expected present value utility if consumption is age-independent. In all other cases, empirical estimates of the value of a statistical life are biased estimators of the monetary counterpart to expected present value utility.
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عنوان ژورنال:
- Journal of health economics
دوره 20 1 شماره
صفحات -
تاریخ انتشار 2001