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Published on Sep 14, 2012
"What's a Life Worth?"
W. Kip Viscusi, University Distinguished Professor of Law, Economics, and Management,Vanderbilt School of Law
The value of statistical life (VSL) is a measure that forms the basis for assessing the benefits of government policies that reduce risks, such as regulatory efforts. This presentation examines the empirical evidence on the heterogeneity of VSL and explores the potential implications for the valuation of regulatory policies, including the "senior discount" issue as well as differences in VSL with age, income, and immigrant status.
Mullen Lecture, sponsored by the Department of Economics
Thursday, September 13 at 4pm Albin O. Kuhn Library, 7th floor