| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16425 |
| DP16425 The Heterogeneous Value of a Statistical Life: Evidence from U.S. Army Reenlistment Decisions | |
| Kyle Greenberg; Michael Greenstone; Stephen Ryan; Michael Yankovich | |
| 发表日期 | 2021-08-06 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper estimates the value of a statistical life (VSL), or the willingness to trade-off wealth and mortality risk, among 430,000 U.S. Army soldiers choosing whether to reenlist between 2002 and 2010. Using a discrete choice random utility approach and significant variation in retention bonuses and mortality risk, we recover average VSL estimates that range between $500,000 and $900,000, an order of magnitude smaller than U.S. civilian labor market estimates. Additionally, we fulfill Rosen's (1974) vision to recover indifference curves between wealth and non-market goods (e.g., mortality risk) and document substantial heterogeneity in preferences within and across types. We find the VSL increases rapidly with mortality risk within type, and that soldiers in combat occupations have much lower VSLs than those in noncombat occupations. We estimate that the quadrupling of mortality risk from the Afghanistan and Iraq wars reduced annual welfare by $2,355 per soldier, roughly 8 percent of pay. |
| 主题 | Labour Economics |
| 关键词 | Value of life Forgone income Wage level and structure Wage differentials Public sector labor markets |
| URL | https://cepr.org/publications/dp16425 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545386 |
| 推荐引用方式 GB/T 7714 | Kyle Greenberg,Michael Greenstone,Stephen Ryan,et al. DP16425 The Heterogeneous Value of a Statistical Life: Evidence from U.S. Army Reenlistment Decisions. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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