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- Departmental Guidance on Valuation of a Statistical Life in Economic . . .
Departmental guidance on valuing the reduction of fatalities and injuries by regulations or investments has been published periodically by the Office of the Secretary since 1993 We issued a comprehensive update to our guidance in 2013, and indicated at that time that we planned to issue annual updates to adjust for changes in prices and real incomes in the intervening years
- How much is a human life worth? - ISHN
To avoid the contentious debate of what an individual human life is truly worth, government agencies use the “Value of a Statistical Life ”
- Mortality Risk Valuation | US EPA
The Value of Mortality Risk (VMR) and the Value of Statistical Life (VSL) are indeed related The underlying theoretical concept is the same, and the estimated values for either metric would be based on the same published literature The difference lies in the choice of units used to aggregate and report the risk changes
- How Government Agencies Determine The Dollar Value Of Human Life
Reopening the economy requires contemplating the trade-off between lives and money Government agencies are already used to putting dollar values on human life when considering safety regulations
- How Much Is a Human Life Worth? A Systematic Review
Monetary valuation of a human life – the value of a statistical life (VSL) – is used in a broad range of policy areas resulting in a wide range of VSL estimates Literature reviews and meta-analyses have generally focused on specific elicitation methods or sectors such as traffic or occupational risk A review of VSL estimates using different elicitation methods across sectors would
- HHS Standard Values for Regulatory Analysis, 2024 - ASPE
Key Points This Data Point updates several standard monetary values used in regulatory impact analyses developed by the U S Department of Health and Human Services All estimates are reported in constant 2023 dollars unless otherwise noted HHS’s current central estimate of the value per statistical life is $13 1 million
- Valuation of a life - Social Value UK
2 Value of a Statistical Life (VSL) The most common method used by organisations for representing the value of a life is the Value of a Statistical Life (VSL) The VSL aims to reflect the amount of money that a person or society is realistically willing to pay to save one human life
- The tricky business of putting a dollar value on a human life
How the US government weighs life and death The EPA, in this document and others, insists it is not putting a dollar value on human life, or valuing different humans’ lives differently
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