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The Value of Life in Europe – A Meta-Analysis

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  2. Society & Social Sciences
  3. Sozialer Fortschritt
  4. Vol. 57, Issue 10–11
  5. pp. 279–287

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Kluve, J., Schaffner, S. The Value of Life in Europe – A Meta-Analysis. Sozialer Fortschritt, 57(10–11), 279-287. https://doi.org/10.3790/sfo.57.10-11.279
Kluve, Jochen and Schaffner, Sandra "The Value of Life in Europe – A Meta-Analysis" Sozialer Fortschritt 57.10–11, 2008, 279-287. https://doi.org/10.3790/sfo.57.10-11.279
Kluve, Jochen/Schaffner, Sandra (2008): The Value of Life in Europe – A Meta-Analysis, in: Sozialer Fortschritt, vol. 57, iss. 10–11, 279-287, [online] https://doi.org/10.3790/sfo.57.10-11.279
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The Value of Life in Europe – A Meta-Analysis

Kluve, Jochen | Schaffner, Sandra

Sozialer Fortschritt, Vol. 57 (2008), Iss. 10–11 : pp. 279–287

7 Citations (CrossRef)

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/sfo.57.10-11.279
Language
English
Pages
9

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Author Details

Jochen Kluve, Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Büro Berlin, Hessische Straße 10, 10115 Berlin.

Sandra Schaffner, Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Hohenzollernstraße 1 – 3, 45128 Essen.

Cited By

  1. Valuing Mortality Risk Reductions: Progress and Challenges

    Cropper, Maureen | Hammitt, James K. | Robinson, Lisa A.

    Annual Review of Resource Economics, Vol. 3 (2011), Iss. 1 P.313

    https://doi.org/10.1146/annurev.resource.012809.103949 [Citations: 87]

  2. How Much Is a Human Life Worth? A Systematic Review

    Keller, Elena | Newman, Jade E. | Ortmann, Andreas | Jorm, Louisa R. | Chambers, Georgina M.

    Value in Health, Vol. 24 (2021), Iss. 10 P.1531

    https://doi.org/10.1016/j.jval.2021.04.003 [Citations: 20]

  3. Differential discounting in the economic evaluation of healthcare programs

    John, Jürgen | Koerber, Florian | Schad, Mareike

    Cost Effectiveness and Resource Allocation, Vol. 17 (2019), Iss. 1

    https://doi.org/10.1186/s12962-019-0196-1 [Citations: 16]

  4. Composite Valuation of Immaterial Damage in Flooding: Value of Statistical Life, Value of Statistical Evacuation and Value of Statistical Injury

    Bockarjova, Marija | Rietveld, Piet | Verhoef, Erik T.

    SSRN Electronic Journal, Vol. (2012), Iss.

    https://doi.org/10.2139/ssrn.2047062 [Citations: 10]

  5. Valuing Mortality Risk Reductions: Progress and Challenges

    Cropper, Maureen L. | Hammitt, James K. | Robinson, Lisa A.

    SSRN Electronic Journal, Vol. (2011), Iss.

    https://doi.org/10.2139/ssrn.1788975 [Citations: 0]

  6. Are estimates of the value of a statistical life exaggerated?

    Doucouliagos, Chris | Stanley, T.D. | Giles, Margaret

    Journal of Health Economics, Vol. 31 (2012), Iss. 1 P.197

    https://doi.org/10.1016/j.jhealeco.2011.10.001 [Citations: 85]

  7. Publication selection and the income elasticity of the value of a statistical life

    Doucouliagos, Hristos | Stanley, T.D. | Viscusi, W. Kip

    Journal of Health Economics, Vol. 33 (2014), Iss. P.67

    https://doi.org/10.1016/j.jhealeco.2013.10.010 [Citations: 47]

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Abstract

Deciding on the allocation of scarce societal resources to life-saving activities is a problem that a wide variety of regulations and government programs face. In particular, it is a problem arising in very similar ways for social and public policy across countries. A commonly used approach to empirically assess the life-saving benefits of regulations is the Value of a Statistical Life (VSL). The VSL essentially summarizes and expresses the monetary value of small reductions in mortality risks of the population. Such reductions could be brought about, for instance, by environmental regulations aiming at CO2 reduction or health care programs targeting preventive medical examinations. In this paper, we investigate the Value of a Statistical Life in Europe by collating estimates of the VSL across countries. Based on 94 observations from 37 studies, our meta-analysis finds that VSL estimates based on health risks are lower than those based on traffic and environmental risks. Moreover, VSL studies based on wage-risk studies find higher estimates than contingent valuation studies.

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