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Assessing whether there is a cancer premium for the value of a statistical life.

Publication ,  Journal Article
Viscusi, WK; Huber, J; Bell, J
Published in: Health economics
April 2014

This article estimates whether there is a cancer risk premium for the value of a statistical life using stated preference valuations of cancer risks for a large, nationally representative US sample. The present value of an expected cancer case that occurs after a one decade latency period is $10.85m, consistent with a cancer premium that is 21% greater than the median value of a statistical life estimates for acute fatalities. This cancer premium is smaller than the premium proposed for policy analyses in the UK and the USA. There is also a greater premium for policies that reduce cancer risks to zero and for risk reductions affecting those who perceive themselves to have a greater than average probability of having cancer.

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Published In

Health economics

DOI

EISSN

1099-1050

ISSN

1057-9230

Publication Date

April 2014

Volume

23

Issue

4

Start / End Page

384 / 396

Related Subject Headings

  • Value of Life
  • United States
  • United Kingdom
  • Risk Reduction Behavior
  • Risk Factors
  • Probability
  • Neoplasms
  • Middle Aged
  • Male
  • Humans
 

Citation

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Viscusi, W. K., Huber, J., & Bell, J. (2014). Assessing whether there is a cancer premium for the value of a statistical life. Health Economics, 23(4), 384–396. https://doi.org/10.1002/hec.2919
Viscusi, W Kip, Joel Huber, and Jason Bell. “Assessing whether there is a cancer premium for the value of a statistical life.Health Economics 23, no. 4 (April 2014): 384–96. https://doi.org/10.1002/hec.2919.
Viscusi WK, Huber J, Bell J. Assessing whether there is a cancer premium for the value of a statistical life. Health economics. 2014 Apr;23(4):384–96.
Viscusi, W. Kip, et al. “Assessing whether there is a cancer premium for the value of a statistical life.Health Economics, vol. 23, no. 4, Apr. 2014, pp. 384–96. Epmc, doi:10.1002/hec.2919.
Viscusi WK, Huber J, Bell J. Assessing whether there is a cancer premium for the value of a statistical life. Health economics. 2014 Apr;23(4):384–396.
Journal cover image

Published In

Health economics

DOI

EISSN

1099-1050

ISSN

1057-9230

Publication Date

April 2014

Volume

23

Issue

4

Start / End Page

384 / 396

Related Subject Headings

  • Value of Life
  • United States
  • United Kingdom
  • Risk Reduction Behavior
  • Risk Factors
  • Probability
  • Neoplasms
  • Middle Aged
  • Male
  • Humans