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来源类型Working Paper
规范类型报告
DOI10.3386/w29104
来源IDWorking Paper 29104
The Heterogeneous Value of a Statistical Life: Evidence from U.S. Army Reenlistment Decisions
Kyle Greenberg; Michael Greenstone; Stephen P. Ryan; Michael Yankovich
发表日期2021-08-02
出版年2021
语种英语
摘要We estimate 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 from 2002-2010. Using a discrete choice random utility approach and significant variation in retention bonuses and mortality risk, we recover average VSL estimates between $500,000 and $900,000, an order of magnitude smaller than U.S. civilian labor market estimates. We then document substantial heterogeneity by recovering indifference curves between wealth and mortality risk. The VSL increases with mortality risk within type, and soldiers in combat occupations have lower VSLs than those in noncombat occupations.
主题Labor Economics ; Demography and Aging ; Labor Compensation ; Labor Market Structures
URLhttps://www.nber.org/papers/w29104
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/586778
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Kyle Greenberg,Michael Greenstone,Stephen P. Ryan,et al. The Heterogeneous Value of a Statistical Life: Evidence from U.S. Army Reenlistment Decisions. 2021.
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