Value of a life year (VOLY): Difference between revisions
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and links to original data, as appropriate. | and links to original data, as appropriate. | ||
'''ExternE 2005 <ref> | '''ExternE 2005 <ref>[http://www.externe.info/brussels/methup05a.pdf European Commission 2005. ExternE, Externalities of Energy, Methodology 2005 Update. Bickel P & Friedrich R (Eds.)]</ref> | ||
Results are based on a contingent valuation study on changes in life-expectancy conducted in France, UK, and Italy. | Results are based on a contingent valuation study on changes in life-expectancy conducted in France, UK, and Italy. | ||
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*A Weibull distribution is assumed because it had the best fit to the data | *A Weibull distribution is assumed because it had the best fit to the data | ||
*Upper and lower bounds are considerably less robust than the central estimates | *Upper and lower bounds are considerably less robust than the central estimates | ||
'''NEEDS 2006 <ref>[http://www.needs-project.org/docs/results/RS1b/NEEDS_RS1b_D6.7.pdf Desaigues et al. 2006. Final report on the monetary valuation of mortality and morbidity risks from air pollution. Ned Energy Externalities Developments for Sustainability (NEEDS). Sixth framework programme, Project no: 502687.]</ref> | |||
Recommended mean VOLY estimates for Europe: | |||
*EU15 + Switzerland €41 000 | |||
*New member countries €33 000 | |||
*EU25 €40 000 | |||
=== Causality === | === Causality === | ||
Revision as of 12:14, 3 August 2009
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Boxes with dashed borders contain brief guidance text for completing the entries for new variables.
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 year derived from studies on societal willingness to pay (WTP) for mortality risk reductions.
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.
ExternE 2005 [1]
Results are based on a contingent valuation study on changes in life-expectancy conducted in France, UK, and Italy.
- Chronic mortality impacts (death after 10 years of exposure, 3% discount rate applied)
- Upper bound: €151 110
- Mean: €125 250
- Median: €55 800 (rounded to €50 000, recommended central estimate)
- Lower bound: €18 250
- Acute mortality impacts (immediate death, assumed that the victim's health condition is not a factor in WTP, no discount applied)
- Upper bound: €225 000
- Median: €75 000
- Lower bound: €27 240
- A Weibull distribution is assumed because it had the best fit to the data
- Upper and lower bounds are considerably less robust than the central estimates
NEEDS 2006 [2]
Recommended mean VOLY estimates for Europe:
- EU15 + Switzerland €41 000
- New member countries €33 000
- EU25 €40 000
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.
- ↑ European Commission 2005. ExternE, Externalities of Energy, Methodology 2005 Update. Bickel P & Friedrich R (Eds.)
- ↑ Desaigues et al. 2006. Final report on the monetary valuation of mortality and morbidity risks from air pollution. Ned Energy Externalities Developments for Sustainability (NEEDS). Sixth framework programme, Project no: 502687.