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Automobile Seatbelt Usage and the Value of Statistical Life

dc.contributor.authorViscusi, W. Kip
dc.contributor.authorHakes, Jahn K.
dc.date.accessioned2014-09-11T16:02:50Z
dc.date.available2014-09-11T16:02:50Z
dc.date.issued2007
dc.identifier.citation73 Southern Economic Journal 659 (2007)en_US
dc.identifier.urihttp://hdl.handle.net/1803/6735
dc.descriptionarticle published in economic journalen_US
dc.description.abstractThis article uses several within-sample tests to assess whether current seatbelt usage decisions are consistent with the stated preferences of survey respondents. The expressed survey values of statistical life are positively associated with the probability of seatbelt usage and are not statistically different from the values of statistical life implied by seatbelt usage decisions, which are in the $1.9 million to $8.4 million range. Seatbelt usage also varies in the expected manner with individual measures of heterogeneous attitudes toward risk, such as smoking status and education. Our evidence on seatbelt usage supports the view that consumers consistently balance expected safety benefits against the time and discomfort costs of seatbelt use.en_US
dc.format.extent1 PDF (20 pages)en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen_US
dc.publisherSouthern Economic Journalen_US
dc.subject.lcshAutomobiles -- United States -- Seat beltsen_US
dc.subject.lcshHealth risk assessment -- United States -- Mathematical modelsen_US
dc.subject.lcshRisk perception -- United States -- Mathematical modelsen_US
dc.subject.lcshLife expectancy -- Valuation -- United Statesen_US
dc.titleAutomobile Seatbelt Usage and the Value of Statistical Lifeen_US
dc.typeArticleen_US


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