COST BENEFIT ANALYSIS, VALUE OF A STATISTICAL LIFE AND CULTURE: CHALLENGES FOR REGULATION
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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.
Análisis costo beneficio, valor estadístico de la vida, consecuencias de la cultura, regulación, análisis interculturalCost Benefit Analysis, Value of a Statistical Life, Culture Consequences, Regulation, Cross-country analysis