Variations between countries in values of statistical life
Journal of transport economics and policy, vol. 34, no. 2, 2000, pp. 169–188
Abstract
Estimated values of statistical life exist from 68 reasonably credible studies spread across 13 countries. The income-elasticity of values across countries ranges from 0.85 to 1.00 in models at different levels of aggregation. The values are typically about 120 times GDP per capita. Regression-based value estimates for most developed and developing countries are presented.
