How Uncle Sam Values Mortality Risk Reductions

by Paul F. Scodari, Environmental Law Inst, United States,
Ann Fisher, Environmental Law Inst, United States,



Document Type: Proceeding Paper

Part of: Highway Safety: At the Crossroads

Abstract:

This paper reviews the policies, methods and 'value-of-statistical-life' (VSL) estimates used by several federal agencies to assess the economic efficiency of their life-saving regulatory programs. The shift toward the use of economic-based estimates for regulatory analysis will foster more accurate valuation of regulatory life-saving benefits. This should, in turn, lead to more efficient decisionmaking concerning federal rulemakings involving significant mortality benefits.

Subject Headings: Traffic accidents | Traffic safety | Traffic signs | Economic factors | Federal government | Risk management | Traffic analysis

Services: Buy this book/Buy this article

 

Return to search