RT Monograph
SR 00
A1 Hammitt, James K.
A1 Herrera Araujo, Daniel Andres
T1 Peeling back the onion
YR 2017
FD 2017-02
VO 17-766
SP 46
K1 Value per Statistical Life
K1 Latent Class Analysis
K1 Paradata
K1 Scope sensitivity
K1 Income elasticity
K1 Pesticides
K1 Children
AB We develop validity tests for application to stated-preference estimates of WTP to reduce mortality risk, i.e., value per statistical life (VSL), and apply these to data obtained by surveying a representative sample of French adults over the internet. These tests (WTP nearly proportional to risk reduction, insensitive to small differences in baseline risk, increasing in income, and consistent with budget constraints) are satisfied by a conventional single-regression analysis of our data. Using latent class analysis (LCA), we identify important differences between respondents in their consistency with the validity tests and control for much of this heterogeneity. Estimates of VSL from the latent class that is consistent with the validity tests are smaller than estimates from the standard analysis. We estimate mean VSL for adults of about 2 million e and for children (based on parents’ WTP) of about 6 million euros.
T2 TSE Working Paper
PB TSE Working Paper
PP Toulouse
AV Published
LK https://publications.ut-capitole.fr/id/eprint/23077/
UL http://tse-fr.eu/pub/31510