COST BENEFIT ANALYSIS, VALUE OF A STATISTICAL LIFE AND CULTURE: CHALLENGES FOR REGULATION
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Keywords

Cost Benefit Analysis
Value of a Statistical Life
Culture Consequences
Regulation
Cross-country analysis

How to Cite

Márquez Escobar, C.P. (2006) “COST BENEFIT ANALYSIS, VALUE OF A STATISTICAL LIFE AND CULTURE: CHALLENGES FOR REGULATION”, Vniversitas, 56(113), pp. 235–258. Available at: https://revistas.javeriana.edu.co/index.php/vnijuri/article/view/14636 (Accessed: 13 May 2025).
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Abstract

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.

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