The Value of Individual and Societal Risks to Life and Health
389
of risk situations along a constant expected utility locus, making it possible to estimate
health state-dependent utility functions, as discussed in Section 7.6.
The subsequent five sections provide detailed summaries of the empirical literature
that has consisted of meta-analyses of the VSL literature (Section 7.7), new labor market
estimates using more refined risk data (Section 7.8), estimates for market contexts out-
side the labor market such as housing markets (Section 7.9), life-cycle effects whereby
VSL and the value of each life year vary over the individual’s life cycle ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.