The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent years, the number, scope, and quality of valuation studies have increased dramatically. Revealed-preference studies of wage compensation for occupational risks, on which analysts have primarily relied, have benefited from improved data and statistical methods. Stated-preference research has improved methodologically and expanded dramatically.
Valuing Mortality Risk Reductions: Progress and ChallengesMaureen Cropper, James K. Hammitt and Lisa A. Robinson , ( 3 )
Annual Review of Resource Economics