Aggregation Biases in Estimates of the Value per Statistical Life: Evidence from Longitudinal Matched Worker-Firm Data in Taiwan

Tsai, Wehn-Jyuan; Liu, Jin‐Tan; Hammitt, James K.

doi:10.1007/s10640-010-9440-z

Cited by 17 publications

(3 citation statements)

References 32 publications

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“…Non-market benefits, the methods used to estimate the economic value of the risk reductions, are based on willingness to pay (WTP). Many studies have examined the WTP for reducing different types of risk, including air pollution (Roman et al 2012), road safety (Hakes and Viscusi 2007) and accidents in the workplace (Tsai et al 2011). The contributions to drinking water quality have been more limited, and have served to estimate the economic value of the health benefits derived from risk reductions associated with improving drinking water quality (Adamowick et al 2011;Maddison et al 2005).…”

Section: The Methodology To Estimate the Benefits Of Human Health Eff...mentioning

confidence: 99%

Economic Feasibility Study for Improving Drinking Water Quality: A Case Study of Arsenic Contamination in Rural Argentina

et al. 2014

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Economic studies are essential in evaluating the potential external investment support and/or internal tariffs available to improve drinking water quality. Cost-benefit analysis (CBA) is a useful tool to assess the economic feasibility of such interventions, i.e. to take some form of action to improve the drinking water quality. CBA should involve the market and non-market effects associated with the intervention. An economic framework was proposed in this study, which estimated the health avoided costs and the environmental benefits for the net present value of reducing the pollutant concentrations in drinking water. We conducted an empirical application to assess the economic feasibility of removing arsenic from water in a rural area of Argentina. Four small-scale methods were evaluated in our study. The results indicated that the inclusion of non-market benefits was integral to supporting investment projects. In addition, the application of the proposed framework will provide water authorities with more complete information for the decision-making process.

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Section: The Methodology To Estimate the Benefits Of Human Health Eff...mentioning

confidence: 99%

Economic Feasibility Study for Improving Drinking Water Quality: A Case Study of Arsenic Contamination in Rural Argentina

et al. 2014

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“…The most recognized error measures in risk factors and endogeneity between hazardous occupations and wages (Moore and Viscusi, 2014;Herrera-Araujo and Rochaix, 2020). The second is believed to be caused by aggregation bias (Lalive, 2003;Tsai et al, 2011;Lavetti and Schmutte, 2018), that if occupations or jobs vary within an industry, the aggregation problem identifies inconsistency in compensating wage differentials. 'Selectivity bias' is another measurement error, as many workers make occupational or job preferences based on their anticipated exposure to a risk factor (Arabsheibani and Marin, 2000;Doucouliagos et al, 2012;Viscusi, 2018a).…”

Section: Review Of Literaturementioning

confidence: 99%

The Value of Environment Health Risks and Wage Compensation: Evidence from Selected Industries of Punjab, Pakistan

Afzal,

Haider Syed,

Saleem

et al. 2023

Forman J. econ. stud.

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The study's key objective empirically examines the compensating wage and income differential for Pakistan's workers in various risky industries. This study estimates the cost of occupational health risks in Pakistan’s diverse industries. The FFL quantile-decomposition method, the hedonic wage equation, and the VSL approach investigate the factors affecting wage differentials, risky job selection, and the total health risks cost in hazardous workplace settings. The wage differentials associated with perilous workplace conditions follow a quadratic trend, demonstrating that illiterate and impoverished workers are well-informed about potentially dicey settings. However, they are compelled to work as the stagnant labor market lacks alternatives. In contrast, skilled workers are compensated for occupational health risks because of the high demand. The estimated annual cost of health risks associated with potentially dangerous occupational settings is $5 million for industrial workers and $8 million for radiographers. Firms should build a framework for reducing work-related injuries, including employee self-assessment programs, accident prevention training, anti-smoking campaigns, stress management education, ergonomic management, and nutritional awareness to reduce workplace illnesses.

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“…The life loss for fatality, amounting to US$ 458,000, is taken from Tsai et al (2011);and Liu et al (1997), who estimated the value per statistical life (VSL) in Taiwan. 10 The average accident cost of the sum of property and physical losses in a traffic accident is assumed to be equally shared by the agents, which reflects equal liability for each agent involved in a traffic accident.…”

Section: Estimation Of Accident Cost Functionmentioning

confidence: 99%

Road pricing for congestion and accident externalities for mixed traffic of motorcycles and automobiles

Tsai

Chu

2015

Transportation Research Part A: Policy and Practice

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Aggregation Biases in Estimates of the Value per Statistical Life: Evidence from Longitudinal Matched Worker-Firm Data in Taiwan

Abstract: Value per statistical life, Firm-level risk data, Linked employer-employee data,

Cited by 17 publications

References 32 publications

Economic Feasibility Study for Improving Drinking Water Quality: A Case Study of Arsenic Contamination in Rural Argentina

Economic Feasibility Study for Improving Drinking Water Quality: A Case Study of Arsenic Contamination in Rural Argentina

The Value of Environment Health Risks and Wage Compensation: Evidence from Selected Industries of Punjab, Pakistan

Road pricing for congestion and accident externalities for mixed traffic of motorcycles and automobiles

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