A Paradox in the Measurement of the Value of Life

The following link is to a document that was created as external research for CEA. I was tasked with attempting to resolve a paradox presented by the experimental results concerning two units of measurement of the value of life (as the document explains). It is quite long (~8000 words), but any feedback at all would be much appreciated!


Comments (3)

Comment author: Denkenberger 09 June 2017 01:31:44PM 1 point [-]

This is a good survey. As you said, you focused on US and UK. But was it your intent to try to extrapolate that as a global value so we can show how cost-effective global poverty interventions are? Then if you do the same surveys about how much more poor workers would demand to be paid because of a risky occupation, the value of statistical life would be much smaller. So I ended up doing a broad distribution for the global value here. Note that I sidestepped the discounting issue by saying that the value of statistical life is growing, so we should not have to discount the current values.

Comment author: casebash 08 June 2017 03:13:45PM 1 point [-]

Hopefully you can post a summary at some point!

Comment author: JohnGalt 11 October 2018 04:54:28PM 0 points [-]

I found this very useful in clarifying my thinking in how to measure charitable projects of different types (Education, Job Creation, Health, etc.)