Policy Brief - What's in a Name? A Search for Alternatives to "VSL".

Autor: Simon NB; National Center for Environmental Economics; USEPA.; Department of Economics, University of Wyoming.; Economic Research Service; USDA.; Resources for the Future.; Department of Economics, Georgia Institute of Technology., Dockins C; National Center for Environmental Economics; USEPA., Maguire KB; Economic Research Service; USDA., Newbold SC; Department of Economics, University of Wyoming., Krupnick A; Resources for the Future., Taylor LO; Department of Economics, Georgia Institute of Technology.
Jazyk: angličtina
Zdroj: Review of environmental economics and policy [Rev Environ Econ Policy] 2019; Vol. 13 (1), pp. 155-161.
DOI: 10.1093/reep/rey022
Abstrakt: Benefit-cost analyses of environmental, health, and safety regulations often rely on an estimate of the value of statistical life (VSL) to calculate the aggregate benefits of reducing human mortality risk. The VSL represents the marginal rate of substitution between mortality risk and money. Although this concept is well-understood by economists, it is viewed by many non-economists as confusing technical jargon that borders on the immoral. Based on focus groups and a quantitative ranking exercise, this article describes a systematic approach for identifying and testing alternatives to the VSL terminology, with the goal of identifying an alternative term that more clearly communicates the VSL concept to a broad audience.
Databáze: MEDLINE