Date Thesis Awarded
4-2017
Access Type
Honors Thesis -- Access Restricted On-Campus Only
Degree Name
Bachelors of Arts (BA)
Department
Economics
Advisor
Tatyana Kuzmenko
Committee Members
Jennifer Mellor
Joel Schwartz
Abstract
The Value of Statistical Life (VSL) is used in policy analysis to calculate the benefit of risk-reducing policy initiatives. College students are currently overlooked in the literature, for no college student-specific VSL estimate exists. In this study, I discuss why VSL estimates for the general population cannot be applied to college students. I also derive a college student-specific VSL using a willingness-to-pay survey. I found that payment vehicle has a large impact on students’ willingness-to-pay for risk reduction, and college student VSLs are substantially lower than those of the general population.
Recommended Citation
Posner, Brandon, "The Value of Statistical Life for College Students in the Context of Death by Homicide" (2017). Undergraduate Honors Theses. William & Mary. Paper 1093.
https://scholarworks.wm.edu/honorstheses/1093
