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Approaching the value of a life year – Empirical evidence from a Danish contingent valuation survey

Author

Listed:
  • Nielsen, Jytte Seested

    (Department of Health Economics, University of Southern Denmark)

Abstract

The accepted standard for dealing with changes in mortality in costbenefit analyses has been to estimate the value of a statistical life. However, when valuing premature mortality caused by a permanent change in air pollution it has been suggested to value a gain in life expectancy instead and these values should then be aggregated into the value of a life year. Theoretical and empirical research in this area is, however, scarce. This paper presents results from a Danish web-based contingent valuation survey in an air pollution context and finds the VOLY to be in t

Suggested Citation

  • Nielsen, Jytte Seested, 2010. "Approaching the value of a life year – Empirical evidence from a Danish contingent valuation survey," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2010(1), pages 67-85.
    • Handle: RePEc:hhs:jdaecn:0061
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    More about this item

    Keywords

    mortality; cross-benefit; statistical life; air pollution;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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