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Titolo:
Background risks and the value of a statistical life
Autore:
Eeckhoudt, LR; Hammitt, JK;
Indirizzi:
Catholic Fac Mons, B-7000 Mons, Belgium Catholic Fac Mons Mons Belgium B-7000 lic Fac Mons, B-7000 Mons, Belgium Catholic Fac Lille, Lille, France Catholic Fac Lille Lille FranceCatholic Fac Lille, Lille, France Harvard Univ, Sch Publ Hlth, Ctr Risk Anal, Boston, MA 02115 USA Harvard Univ Boston MA USA 02115 lth, Ctr Risk Anal, Boston, MA 02115 USA
Titolo Testata:
JOURNAL OF RISK AND UNCERTAINTY
fascicolo: 3, volume: 23, anno: 2001,
pagine: 261 - 279
SICI:
0895-5646(200111)23:3<261:BRATVO>2.0.ZU;2-E
Fonte:
ISI
Lingua:
ENG
Soggetto:
MARGINAL UTILITY; HEALTH; MORTALITY; AVERSION;
Keywords:
value of statistical life; mortality risk; financial risk; risk aversion; prudence;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
--discip_BC--
Citazioni:
29
Recensione:
Indirizzi per estratti:
Indirizzo: Eeckhoudt, LR Catholic Fac Mons, Chaussee Binche 151, B-7000 Mons, BelgiumCatholic Fac Mons Chaussee Binche 151 Mons Belgium B-7000 m
Citazione:
L.R. Eeckhoudt e J.K. Hammitt, "Background risks and the value of a statistical life", J RISK UNC, 23(3), 2001, pp. 261-279

Abstract

We examine the effects of background mortality and financial risks on an individual's willingness to pay to reduce his mortality risk (the value of statistical life or VSL). Under reasonable assumptions about! risk aversion and prudence with respect to wealth in the event of survival and with respect to bequests in the event of death, background mortality and financial risks decrease VSL. The effects of large mortality or financial :risks on VSLcan be substantial, but the effects of small background risks are negligible. These results suggest that the commonplace failure to account for background risk in evaluating VSL is unlikely to produce substantial bias in most applications.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 05/04/20 alle ore 07:02:10