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  1. Compensating differentials for occupational health and safety risks
    implications of recent evidence
    Autor*in: Kniesner, Thomas J.; Viscusi, W. Kip
    Erschienen: February 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The most enduring measure of how individuals make personal decisions affecting their health and safety is the compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in turn... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    The most enduring measure of how individuals make personal decisions affecting their health and safety is the compensating wage differential for job safety risk revealed in the labor market via hedonic equilibrium outcomes. The decisions in turn reveal the value of a statistical life (VSL), the value of a statistical injury (VSI), and the value of a statistical life year (VSLY), which have both mortality and morbidity aspects that we describe and apply here. All such tradeoff rates play important roles in policy decisions concerning improving individual welfare. Specifically, we explicate the recent empirical research on VSL and its related concepts and link the empirical results to the on-going examinations of many government policies intended to improve individuals' health and longevity. We pay special attention to recent issues such as the COVID pandemic and newly emerging foci on distributional consequences concerning which demographic groups may benefit most from certain regulations.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/252241
    Schriftenreihe: Discussion paper series / IZA ; no. 15117
    Schlagworte: value of statistical life; VSL; value of statistical injury; VSI; value of a statistical life year; VSLY; mortality risk; morbidity risk; benefit cost analysis; hedonic labor market equilibrium; compensating wage differential; evaluation of health and safety programs
    Umfang: 1 Online-Ressource (circa 59 Seiten), Illustrationen
  2. Promoting equity through equitable risk tradeoffs
    Autor*in: Kniesner, Thomas J.; Viscusi, W. Kip
    Erschienen: November 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    The impact and economic merits of President Biden's Executive Order 13985 on equity depend on how the executive order is implemented. While policy discussion to date has focused on equitable outcomes, we propose framing risk equity policies in terms... mehr

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

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

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/272398
    Schriftenreihe: Discussion paper series / IZA ; no. 15771
    Schlagworte: value of statistical life; risk equity; Justice40; Circular A-4; benefit-cost analysis; regulatory impact analysis
    Umfang: 1 Online-Ressource (circa 50 Seiten)
  3. Is there a "dead-anyway" effect in willingness to pay for risk reduction?
    Autor*in: Breyer, Friedrich; Grabka, Markus M.
    Erschienen: 2001
    Verlag:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  4. Is there a "dead anyway" effect in willingness to pay for risk reduction?
    Autor*in: Breyer, Friedrich; Grabka, Markus M.
    Erschienen: 2001
    Verlag:  DIW, Berlin

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