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Measuring How Risk Tradeoffs Adjust With Income

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NBER2009-09-01 更新2025-01-04 收录
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Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a statistical life (IEVSL) overlook important restrictions implied by a more complete description of the individual choice problem. We develop a more general model of the IEVSL that reconciles

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2009-09-01
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