The Income Elasticity of Global Values of a Statistical Life: Stated Preference Evidence
Abstract
Examination of estimates of the income elasticity of the value of a statistical life based on international stated preference studies yields an average between 0.94 and 1.05 overall and 0.65 and 0.80 after controlling for covariates. Quantile regression estimates indicate that the income elasticity is about 0.55 for more affluent countries and 1.0 for lower income nations, i.e., those countries that have estimates of the value of a statistical...
Paper Details
Title
The Income Elasticity of Global Values of a Statistical Life: Stated Preference Evidence
Published Date
Jan 1, 2018
Volume
9
Issue
3
Pages
407 - 434
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