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Mortality Risk Measurement and Valuation for Policy Analysis

EPA Designated Federal Officer (DFO):Holly Stallworth

Responsible Committee/Panel:Environmental Economics Advisory Committee Augmented for Valuing Mortality Risk Reduction
A list of members can be found in the final report included in the Advisory Activity linked to this panel or committee.

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EPA historically has used a value of statistical life (VSL) to express the benefits of mortality risk reductions in monetary terms for use in benefit cost analyses of its rules and regulations. EPA has used a central default value (adjusted for inflation) in its primary analyses since 1999. EPA's National Center for Environmental Economics (NCEE) is preparing a white paper which proposes a revision of the VSL based on recent literature as well as historical advice from the SAB Environmental Economic Advisory Committee. NCEE has requested an SAB peer review of the white paper, which will include a description of the approach used for deriving estimates for mortality risk valuation, a list of selection criteria detailing how the Agency selected studies for inclusion in the analysis, and the VSL that results from the revised approach.

Agency Review Document(s):

PDF for Valuing Mortality Risk Reductions for Environmental Policy (December 10, 2010). (PDF, 95 pp., 1,795,307 bytes)

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