Pricing lives: guideposts for a safer society
How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix itLike it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality r...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton
Princeton University Press
[2018]
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| Schlagworte: | |
| Online-Zugang: | EUV01 FAB01 FAW01 FHA01 FKE01 FLA01 UPA01 FCO01 Volltext |
| Zusammenfassung: | How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix itLike it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL—and persuasively shows how its more widespread use could create a safer and more equitable society for everyone.In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is |
| Beschreibung: | 1 Online-Ressource Illustrationen |
| ISBN: | 9781400889587 |
| DOI: | 10.23943/9781400889587 |
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| author | Viscusi, W. Kip 1949- |
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| discipline | Wirtschaftswissenschaften |
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| id | DE-604.BV045928939 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:30:37Z |
| institution | BVB |
| isbn | 9781400889587 |
| language | English |
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| spelling | Viscusi, W. Kip 1949- Verfasser (DE-588)123996422 aut Pricing lives guideposts for a safer society W. Kip Viscusi Princeton Princeton University Press [2018] © 2018 1 Online-Ressource Illustrationen txt rdacontent c rdamedia cr rdacarrier How society’s undervaluing of life puts all of us at risk—and the groundbreaking economic measure that can fix itLike it or not, sometimes we need to put a monetary value on people's lives. In the past, government agencies used the financial "cost of death" to monetize the mortality risks of regulatory policies, but this method vastly undervalued life. Pricing Lives tells the story of how the government came to adopt an altogether different approach--the value of a statistical life, or VSL—and persuasively shows how its more widespread use could create a safer and more equitable society for everyone.In the 1980s, W. Kip Viscusi used the method to demonstrate that the benefits of requiring businesses to label hazardous chemicals immensely outweighed the costs. VSL is the risk-reward trade-off that people make about their health when considering risky job choices. With it, Viscusi calculated how much more money workers would demand to take on hazardous jobs, boosting calculated benefits by an order of magnitude. His current estimate of the value of a statistical life is Bewertung (DE-588)4006340-9 gnd rswk-swf Mensch (DE-588)4038639-9 gnd rswk-swf Mensch (DE-588)4038639-9 s Bewertung (DE-588)4006340-9 s 1\p DE-604 Erscheint auch als Druck-Ausgabe 978-0-691-17921-6 https://doi.org/10.23943/9781400889587 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Viscusi, W. Kip 1949- Pricing lives guideposts for a safer society Bewertung (DE-588)4006340-9 gnd Mensch (DE-588)4038639-9 gnd |
| subject_GND | (DE-588)4006340-9 (DE-588)4038639-9 |
| title | Pricing lives guideposts for a safer society |
| title_auth | Pricing lives guideposts for a safer society |
| title_exact_search | Pricing lives guideposts for a safer society |
| title_full | Pricing lives guideposts for a safer society W. Kip Viscusi |
| title_fullStr | Pricing lives guideposts for a safer society W. Kip Viscusi |
| title_full_unstemmed | Pricing lives guideposts for a safer society W. Kip Viscusi |
| title_short | Pricing lives |
| title_sort | pricing lives guideposts for a safer society |
| title_sub | guideposts for a safer society |
| topic | Bewertung (DE-588)4006340-9 gnd Mensch (DE-588)4038639-9 gnd |
| topic_facet | Bewertung Mensch |
| url | https://doi.org/10.23943/9781400889587 |
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