Abstract：
:The fatality risk-money tradeoff that is the value of a statistical life (VSL) may vary with the nature of the fatality event. While all fatalities involve loss of future life expectancy, the morbidity effects and their duration may differ. This article analyzes fatality risks accompanied by morbidity effects of different duration to disentangle the mortality and morbidity components of VSL using data from the Census of Fatal Occupational Injuries (CFOI). The VSL is comprised of the sum of the value of the fatality risk and the value of the morbidity risk. Labor market valuations of morbidity risks are positive, even for fatalities that are caused by traumatic injuries. The value of the fatality risk is the dominant component of VSL, rather than the value of the morbidity risk.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Gentry EP,Viscusi WKdoi
10.1016/j.jhealeco.2016.01.011subject
Has Abstractpub_date
2016-03-01 00:00:00pages
90-9eissn
0167-6296issn
1879-1646pii
S0167-6296(16)00028-Xjournal_volume
46pub_type
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