Estimating the value of a statistical life in China: A contingent valuation study in six representative cities
The value of a statistical life (VSL) is a crucial tool for monetizing health impacts. To explore the VSL in China, this study examines people’s willingness to pay (WTP) to reduce death risk from air pollution in six representative cities in China based on face-to-face contingent valuation interview...
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2023-12-01
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| Series: | Chinese Journal of Population, Resources and Environment |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2325426223000530 |
| _version_ | 1797378751191842816 |
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| author | Chaoji Cao Xinke Song Wenjia Cai Yichao Li Jianhui Cong Xueying Yu Mengzhao Gao Can Wang |
| author_facet | Chaoji Cao Xinke Song Wenjia Cai Yichao Li Jianhui Cong Xueying Yu Mengzhao Gao Can Wang |
| author_sort | Chaoji Cao |
| collection | DOAJ |
| description | The value of a statistical life (VSL) is a crucial tool for monetizing health impacts. To explore the VSL in China, this study examines people’s willingness to pay (WTP) to reduce death risk from air pollution in six representative cities in China based on face-to-face contingent valuation interviews (n = 3 936) from March 7, 2019 to September 30, 2019. The results reveal that the WTP varied from CNY 455 to 763 in 2019 (USD 66–111), corresponding to a VSL range of CNY 3.79–6.36 million (USD 549 395–921 940). The VSL in China in 2019 is estimated to be CNY 4.76 million (USD 689 659). The statistics indicate that monthly expenditure levels, environmental concerns, risk attitudes, and assumed market acceptance, which have seldom been discussed in previous studies, significantly impact WTP and VSL. These findings will serve as a reference for analyzing mortality risk reduction benefits in future research and for policymaking. |
| first_indexed | 2024-03-08T20:11:17Z |
| format | Article |
| id | doaj.art-8f35420aca9f4bacb57c3e5c91c0abdc |
| institution | Directory Open Access Journal |
| issn | 2325-4262 |
| language | English |
| last_indexed | 2024-03-08T20:11:17Z |
| publishDate | 2023-12-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Chinese Journal of Population, Resources and Environment |
| spelling | doaj.art-8f35420aca9f4bacb57c3e5c91c0abdc2023-12-23T05:20:54ZengKeAi Communications Co., Ltd.Chinese Journal of Population, Resources and Environment2325-42622023-12-01214269278Estimating the value of a statistical life in China: A contingent valuation study in six representative citiesChaoji Cao0Xinke Song1Wenjia Cai2Yichao Li3Jianhui Cong4Xueying Yu5Mengzhao Gao6Can Wang7Ministry of Education Key Laboratory for Earth System Modeling, Department of Earth System Science, Tsinghua University, Beijing 100084, China; Center for Healthy Cities, Institute for China Sustainable Urbanization, Tsinghua University, Beijing 100084, China; Tsinghua Urban Institute, Tsinghua University, Beijing 100084, ChinaState Key Joint Laboratory of Environment Simulation and Pollution Control, School of Environment, Tsinghua University, Beijing 100084, ChinaMinistry of Education Key Laboratory for Earth System Modeling, Department of Earth System Science, Tsinghua University, Beijing 100084, China; Center for Healthy Cities, Institute for China Sustainable Urbanization, Tsinghua University, Beijing 100084, China; Tsinghua Urban Institute, Tsinghua University, Beijing 100084, China; Corresponding author.Center for Statistical Science, Tsinghua University, Beijing 100084, China; Department of Industrial Engineering, Tsinghua University, Beijing 100084, ChinaSchool of Economics and Management, Shanxi University, Taiyuan 030000, ChinaSchool of Economics and Management, Beihang University, Beijing 100191, China; Beijing Advanced Innovation Center for Big Data-based Precision Medicine, Beihang University, Beijing 100191, China; Key Laboratory of Big Data-Based Precision Medicine (Beihang University), Ministry of Industry and Information Technology, Beijing 100191, ChinaCenter for Statistical Science, Tsinghua University, Beijing 100084, China; Department of Industrial Engineering, Tsinghua University, Beijing 100084, ChinaState Key Joint Laboratory of Environment Simulation and Pollution Control, School of Environment, Tsinghua University, Beijing 100084, ChinaThe value of a statistical life (VSL) is a crucial tool for monetizing health impacts. To explore the VSL in China, this study examines people’s willingness to pay (WTP) to reduce death risk from air pollution in six representative cities in China based on face-to-face contingent valuation interviews (n = 3 936) from March 7, 2019 to September 30, 2019. The results reveal that the WTP varied from CNY 455 to 763 in 2019 (USD 66–111), corresponding to a VSL range of CNY 3.79–6.36 million (USD 549 395–921 940). The VSL in China in 2019 is estimated to be CNY 4.76 million (USD 689 659). The statistics indicate that monthly expenditure levels, environmental concerns, risk attitudes, and assumed market acceptance, which have seldom been discussed in previous studies, significantly impact WTP and VSL. These findings will serve as a reference for analyzing mortality risk reduction benefits in future research and for policymaking.http://www.sciencedirect.com/science/article/pii/S2325426223000530Air pollutionContingent valuation methodWillingness to payValue of a statistical lifeChina |
| spellingShingle | Chaoji Cao Xinke Song Wenjia Cai Yichao Li Jianhui Cong Xueying Yu Mengzhao Gao Can Wang Estimating the value of a statistical life in China: A contingent valuation study in six representative cities Chinese Journal of Population, Resources and Environment Air pollution Contingent valuation method Willingness to pay Value of a statistical life China |
| title | Estimating the value of a statistical life in China: A contingent valuation study in six representative cities |
| title_full | Estimating the value of a statistical life in China: A contingent valuation study in six representative cities |
| title_fullStr | Estimating the value of a statistical life in China: A contingent valuation study in six representative cities |
| title_full_unstemmed | Estimating the value of a statistical life in China: A contingent valuation study in six representative cities |
| title_short | Estimating the value of a statistical life in China: A contingent valuation study in six representative cities |
| title_sort | estimating the value of a statistical life in china a contingent valuation study in six representative cities |
| topic | Air pollution Contingent valuation method Willingness to pay Value of a statistical life China |
| url | http://www.sciencedirect.com/science/article/pii/S2325426223000530 |
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