ISSN:
1573-0476
Keywords:
value of life
;
value of safety
;
contingent-valuation
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract Using an original data set, this article presents the first effort to compare systematically the values of a statistical life obtained from the two main methodologies existing in the literature—the revealed-preference approach (wage-risk analysis) and the contingent-valuation approach—applied to the same sample of individuals. A survey was conducted in the Montreal area with a questionnaire containing two series of questions: one set of contingent-valuation questions and one set of questions pertaining to the information necessary for performing a wage-risk study. The results show that the values of a statistical life obtained from each method are different from each other.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01207553
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