Valuing Mortality and Morbidity in the Context of Disaster Risks
Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of such projects, and an important input into decision making. These analyses, however, often fail to monetize the benefits of redu...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090225142643 http://hdl.handle.net/10986/4041 |
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okr-10986-40412021-04-23T14:02:14Z Valuing Mortality and Morbidity in the Context of Disaster Risks L. Cropper, Maureen Sahin, Sebnem ACCIDENTAL DEATH AIR AIR POLLUTION AIR QUALITY ANXIETY AUTOMOBILE BICYCLE HELMETS BICYCLE SAFETY BLOOD VESSELS BUDGET CONSTRAINTS BURNS CAR CARDIAC ARREST CASUALTIES CERVICAL SPINE CLIMATE CHANGE CLIMATE CHANGE NEGOTIATIONS COLLAPSE OF BUILDINGS COMMUTERS COMPENSATING WAGE DIFFERENTIALS CONCEPTUAL FRAMEWORK CONTINGENT VALUATION COST ANALYSES COST ANALYSIS COST-BENEFIT ANALYSIS CRASH COSTS CRED DAMAGES DAT DATABASE DEATH RATE DEATH TOLL DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRY CONTEXT DISABILITIES DISASTER DISASTER MITIGATION DISASTER MITIGATION PROJECTS DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER RISKS DISASTER TYPE DISASTERS DISCOUNT RATE DISCOUNT RATES DISCOUNTED VALUE DROUGHTS DROWNING EARLY WARNING EARLY WARNING SYSTEMS EARTHQUAKE EARTHQUAKES ECONOMICS LITERATURE ECONOMISTS ELASTICITIES ELASTICITY EMERGENCY MANAGEMENT EMERGENCY ROOM EMERGENCY SERVICES EMPIRICAL EVIDENCE ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL HEALTH ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EPIDEMIOLOGY EVACUATION EXPECTED UTILITY EXPECTED VALUE FATAL INJURIES FATAL INJURY FATALITIES FATALITY FLOOD FLOODS FORECASTS FRACTURES GDP HEALTH RISKS HIGHWAY HUMAN CAPITAL HURRICANE HURRICANES INCOME INCOME LEVELS INDUSTRIAL ECONOMICS INFECTIOUS DISEASE INFECTIOUS DISEASES INJURED PERSONS INJURIES INJURY INJURY PREVENTION INJURY RISK INJURY SCALE INSURANCE LABOR MARKETS LAND USE LANDSLIDES LEISURE LIFE EXPECTANCY MARGINAL COST MARGINAL UTILITY MEDICAL TREATMENT MEDICINE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MOBILITY MORBIDITY MORTALITY MOTORISTS NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARDS NEGOTIATIONS PER CAPITA INCOME POLLUTION PRESENT VALUE PRODUCTIVITY PUBLIC HEALTH PUBLIC HEALTH CONSEQUENCES OF DISASTERS QUALITY OF LIFE REPLACEMENT COSTS RESOURCE ALLOCATION RISK ANALYSIS RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT PROJECTS RISK NEUTRAL RISK REDUCTIONS ROAD ROAD SAFETY ROAD TRAFFIC SAFETY SAFETY DEVICE SAFETY HELMETS SAFETY REGULATIONS SANITATION STORM STORMS TOLL TOTAL COSTS TRAFFIC ACCIDENTS TRAFFIC CRASHES TRAFFIC INJURIES TRAFFIC SAFETY TRANSPORT TRANSPORT ECONOMICS TRANSPORTATION TROPICAL CYCLONES TRUE TSUNAMI TSUNAMIS UTILITY FUNCTION UTILITY MAXIMIZATION VALUATION VEHICLES VOLCANOES WAGES WEALTH WILLINGNESS TO PAY WORKERS WORLD HEALTH ORGANIZATION WOUNDS WTP Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of such projects, and an important input into decision making. These analyses, however, often fail to monetize the benefits of reduced death and injury. The authors review the literature on valuing reduced death and injury, and suggest methods for calculating order-of-magnitude estimates of these benefits. Because few empirical estimates of the Value of a Statistical Life (VSL) are available for developing countries, methods for transferring estimates from high income to middle and low income countries are reviewed. The authors suggest using the range of values implied by an income elasticity of 1.0 and an elasticity of 1.5. With regard to injury valuation they discuss arguments for and against monetizing Quality Adjusted Life Years, and provide shortcuts to valuing injuries that may be used to assess their importance in DRR benefit-cost analyses. 2012-03-19T19:08:54Z 2012-03-19T19:08:54Z 2009-02-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090225142643 http://hdl.handle.net/10986/4041 English Policy Research working paper ; no. WPS 4832 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCIDENTAL DEATH AIR AIR POLLUTION AIR QUALITY ANXIETY AUTOMOBILE BICYCLE HELMETS BICYCLE SAFETY BLOOD VESSELS BUDGET CONSTRAINTS BURNS CAR CARDIAC ARREST CASUALTIES CERVICAL SPINE CLIMATE CHANGE CLIMATE CHANGE NEGOTIATIONS COLLAPSE OF BUILDINGS COMMUTERS COMPENSATING WAGE DIFFERENTIALS CONCEPTUAL FRAMEWORK CONTINGENT VALUATION COST ANALYSES COST ANALYSIS COST-BENEFIT ANALYSIS CRASH COSTS CRED DAMAGES DAT DATABASE DEATH RATE DEATH TOLL DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRY CONTEXT DISABILITIES DISASTER DISASTER MITIGATION DISASTER MITIGATION PROJECTS DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER RISKS DISASTER TYPE DISASTERS DISCOUNT RATE DISCOUNT RATES DISCOUNTED VALUE DROUGHTS DROWNING EARLY WARNING EARLY WARNING SYSTEMS EARTHQUAKE EARTHQUAKES ECONOMICS LITERATURE ECONOMISTS ELASTICITIES ELASTICITY EMERGENCY MANAGEMENT EMERGENCY ROOM EMERGENCY SERVICES EMPIRICAL EVIDENCE ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL HEALTH ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EPIDEMIOLOGY EVACUATION EXPECTED UTILITY EXPECTED VALUE FATAL INJURIES FATAL INJURY FATALITIES FATALITY FLOOD FLOODS FORECASTS FRACTURES GDP HEALTH RISKS HIGHWAY HUMAN CAPITAL HURRICANE HURRICANES INCOME INCOME LEVELS INDUSTRIAL ECONOMICS INFECTIOUS DISEASE INFECTIOUS DISEASES INJURED PERSONS INJURIES INJURY INJURY PREVENTION INJURY RISK INJURY SCALE INSURANCE LABOR MARKETS LAND USE LANDSLIDES LEISURE LIFE EXPECTANCY MARGINAL COST MARGINAL UTILITY MEDICAL TREATMENT MEDICINE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MOBILITY MORBIDITY MORTALITY MOTORISTS NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARDS NEGOTIATIONS PER CAPITA INCOME POLLUTION PRESENT VALUE PRODUCTIVITY PUBLIC HEALTH PUBLIC HEALTH CONSEQUENCES OF DISASTERS QUALITY OF LIFE REPLACEMENT COSTS RESOURCE ALLOCATION RISK ANALYSIS RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT PROJECTS RISK NEUTRAL RISK REDUCTIONS ROAD ROAD SAFETY ROAD TRAFFIC SAFETY SAFETY DEVICE SAFETY HELMETS SAFETY REGULATIONS SANITATION STORM STORMS TOLL TOTAL COSTS TRAFFIC ACCIDENTS TRAFFIC CRASHES TRAFFIC INJURIES TRAFFIC SAFETY TRANSPORT TRANSPORT ECONOMICS TRANSPORTATION TROPICAL CYCLONES TRUE TSUNAMI TSUNAMIS UTILITY FUNCTION UTILITY MAXIMIZATION VALUATION VEHICLES VOLCANOES WAGES WEALTH WILLINGNESS TO PAY WORKERS WORLD HEALTH ORGANIZATION WOUNDS WTP |
| spellingShingle |
ACCIDENTAL DEATH AIR AIR POLLUTION AIR QUALITY ANXIETY AUTOMOBILE BICYCLE HELMETS BICYCLE SAFETY BLOOD VESSELS BUDGET CONSTRAINTS BURNS CAR CARDIAC ARREST CASUALTIES CERVICAL SPINE CLIMATE CHANGE CLIMATE CHANGE NEGOTIATIONS COLLAPSE OF BUILDINGS COMMUTERS COMPENSATING WAGE DIFFERENTIALS CONCEPTUAL FRAMEWORK CONTINGENT VALUATION COST ANALYSES COST ANALYSIS COST-BENEFIT ANALYSIS CRASH COSTS CRED DAMAGES DAT DATABASE DEATH RATE DEATH TOLL DECISION MAKING DEVELOPED COUNTRIES DEVELOPING COUNTRY CONTEXT DISABILITIES DISASTER DISASTER MITIGATION DISASTER MITIGATION PROJECTS DISASTER REDUCTION DISASTER RISK DISASTER RISK REDUCTION DISASTER RISKS DISASTER TYPE DISASTERS DISCOUNT RATE DISCOUNT RATES DISCOUNTED VALUE DROUGHTS DROWNING EARLY WARNING EARLY WARNING SYSTEMS EARTHQUAKE EARTHQUAKES ECONOMICS LITERATURE ECONOMISTS ELASTICITIES ELASTICITY EMERGENCY MANAGEMENT EMERGENCY ROOM EMERGENCY SERVICES EMPIRICAL EVIDENCE ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL HEALTH ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY EPIDEMIOLOGY EVACUATION EXPECTED UTILITY EXPECTED VALUE FATAL INJURIES FATAL INJURY FATALITIES FATALITY FLOOD FLOODS FORECASTS FRACTURES GDP HEALTH RISKS HIGHWAY HUMAN CAPITAL HURRICANE HURRICANES INCOME INCOME LEVELS INDUSTRIAL ECONOMICS INFECTIOUS DISEASE INFECTIOUS DISEASES INJURED PERSONS INJURIES INJURY INJURY PREVENTION INJURY RISK INJURY SCALE INSURANCE LABOR MARKETS LAND USE LANDSLIDES LEISURE LIFE EXPECTANCY MARGINAL COST MARGINAL UTILITY MEDICAL TREATMENT MEDICINE MIDDLE INCOME COUNTRIES MIDDLE INCOME COUNTRY MOBILITY MORBIDITY MORTALITY MOTORISTS NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARDS NEGOTIATIONS PER CAPITA INCOME POLLUTION PRESENT VALUE PRODUCTIVITY PUBLIC HEALTH PUBLIC HEALTH CONSEQUENCES OF DISASTERS QUALITY OF LIFE REPLACEMENT COSTS RESOURCE ALLOCATION RISK ANALYSIS RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT PROJECTS RISK NEUTRAL RISK REDUCTIONS ROAD ROAD SAFETY ROAD TRAFFIC SAFETY SAFETY DEVICE SAFETY HELMETS SAFETY REGULATIONS SANITATION STORM STORMS TOLL TOTAL COSTS TRAFFIC ACCIDENTS TRAFFIC CRASHES TRAFFIC INJURIES TRAFFIC SAFETY TRANSPORT TRANSPORT ECONOMICS TRANSPORTATION TROPICAL CYCLONES TRUE TSUNAMI TSUNAMIS UTILITY FUNCTION UTILITY MAXIMIZATION VALUATION VEHICLES VOLCANOES WAGES WEALTH WILLINGNESS TO PAY WORKERS WORLD HEALTH ORGANIZATION WOUNDS WTP L. Cropper, Maureen Sahin, Sebnem Valuing Mortality and Morbidity in the Context of Disaster Risks |
| geographic_facet |
The World Region The World Region |
| relation |
Policy Research working paper ; no. WPS 4832 |
| description |
Benefit-cost analyses of disaster risk
reduction (DRR) projects are an important tool for
evaluating the efficiency of such projects, and an important
input into decision making. These analyses, however, often
fail to monetize the benefits of reduced death and injury.
The authors review the literature on valuing reduced death
and injury, and suggest methods for calculating
order-of-magnitude estimates of these benefits. Because few
empirical estimates of the Value of a Statistical Life (VSL)
are available for developing countries, methods for
transferring estimates from high income to middle and low
income countries are reviewed. The authors suggest using the
range of values implied by an income elasticity of 1.0 and
an elasticity of 1.5. With regard to injury valuation they
discuss arguments for and against monetizing Quality
Adjusted Life Years, and provide shortcuts to valuing
injuries that may be used to assess their importance in DRR
benefit-cost analyses. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
L. Cropper, Maureen Sahin, Sebnem |
| author_facet |
L. Cropper, Maureen Sahin, Sebnem |
| author_sort |
L. Cropper, Maureen |
| title |
Valuing Mortality and Morbidity in the Context of Disaster Risks |
| title_short |
Valuing Mortality and Morbidity in the Context of Disaster Risks |
| title_full |
Valuing Mortality and Morbidity in the Context of Disaster Risks |
| title_fullStr |
Valuing Mortality and Morbidity in the Context of Disaster Risks |
| title_full_unstemmed |
Valuing Mortality and Morbidity in the Context of Disaster Risks |
| title_sort |
valuing mortality and morbidity in the context of disaster risks |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090225142643 http://hdl.handle.net/10986/4041 |
| _version_ |
1764389638957432832 |