Cost benefit analysis, value of a statistical life and culture: challenges for regulations

• Autores: Carlos Pablo Márquez Escobar
• Localización: Vniversitas, ISSN-e 0041-9060, Nº. 113, 2007, págs. 235-258
• Idioma: español
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• Resumen

  • The author studies three aspects of human live valuation and its relation with and cost benefit analysis in administrative regulation. More precisely, the author addresses the problem of valuation of a statistical human life and its relation with cost benefit analysis in mortality risk reduction policies. First, studies the debate about Valuation of a Statistical Human Life (VSL) and Cost-Benefit Analysis (CBA) in mortality risks regulation; second, addresses the problem of discount rates in the calculus of VSL and the problem of (dis)counting value of future human lives, and finishes testing if culture (represented as a set of values) has an incidence in risk preferences and, therefore, in willingness to pay for life.