Abstract:Value of Statistical Life (VSL) estimates both for children and adults are presented. Analysis of the data indicates (qualified) support for evidence for a 'child premium', which is consistent with previous literature. This evidence is more robust in the case of the chaining instrument. Moreover, the effects on the estimated VSL of a large number of risk characteristics, demographic and economic factors, and programme attributes were obtained, and the main results are summarised. For instance, it is clear that context matters, but it plays a different role in the case of children and adults, with less variation across context for children than for adults.
Document Type: Review Article
Publication date: 2010-12-01