Value of a statistical life (VSL)
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Boxes with dashed borders contain brief guidance text for completing the entries for new variables.
Contents
Scope
This includes a verbal definition of the spatial, temporal, and other limits (system boundaries) of the variable. The scope is defined according to the use purpose of the assessment(s) that the variable belongs to.
Monetary value of a statistical life. The value is derived from studies on societal willingness to pay (WTP) for mortality risk reductions. VSL should be thought of as a convenient way to summarize the value of small reductions in mortality risks. It is not meant to be applied to the value of saving the life of an identified person (i.e., the value of changing the risk of mortality from one to zero).
Definition
Data
Description of the data used for obtaining the value of the variable (e.g. measurement data; mathematical method and its parameters). Please include references (preferably using the <ref></ref> tags) and links to original data, as appropriate.
Causality
List of upstream variables. The variables can be listed used descriptive (free-format) names or unambiguous identifiers (e.g. Analytica IDs).
Unit
Unit in which the result is expressed.
Formula
Algebra or other explicit methods if possible (e.g. Analytica code between the ''<anacode></anacode>'' delimiters).
Result
If possible, a numerical expression or distribution.
See also
Links to relevant information that does not belong to Definition.
References
Will appear here automatically, if cited above using the <ref></ref> tags. Additional references can also be listed here.