The Value of Individual and Societal Risks to Life and Health
423
Nevertheless, the EPA’s use of a senior discount generated substantial controversy.
Senior citizen groups waged protests against the “senior death discount.”
13
While one
can question the applicability of stated preference evidence from a different country to
the U.S., it is likely that any downward age adjustment would have created controversy,
however it was based. Notably, in labor market studies the age-VSL relationship eventu-
ally turns down but is relatively flat so that the VSL for those over the age of 60 remains
above the population average. Application of the age-adjusted ...
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