The Value of Individual and Societal Risks to Life and Health
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The stated preference studies of the VSL for children by researchers such as Hammitt
and Haninger (2010) and Blomquist et al. (2011) indicate that these valuations can be
substantial, possibly even greater than the value the adults place on their own lives. The
stated preference survey by Hammitt and Haninger (2010) focused on fatal disease risks
from pesticide residues on produce and found that risks to the lives of children were
valued twice as highly as risks to adults and had an associated VSL of $12 million to
$15 million. Similarly, Blomquist et al. (2011) found that the v ...
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