A theoretical model of the ethical preferences of individuals is tested by conducting a choice experiment on safety-enhancing road investments.
The relative value of a saved life is found to decrease with age, such that the present value of a saved year of life is almost independent of age at a pure rate of time preference of a few percent, and a saved car driver is valued 17-31% lower than a pedestrian of the same age. Moreover, individuals’ ethical preferences seem to be fairly homogenous.
Files and links
Request a publication
Due to Copyright we cannot publish this article but you are very welcome to request a copy from the author. Please just fill in the information beneath.