The value of a statistical life in a dictatorship: Evidence from Stalin

B-Tier
Journal: European Economic Review
Year: 2021
Volume: 133
Issue: C

Authors (3)

Castañeda Dower, Paul (not in RePEc) Markevich, Andrei (New Economic School (NES)) Weber, Shlomo (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We examine the value of a statistical life of a citizen in the interwar Soviet Union based on the preferences of its dictator. We model and specify Stalin’s preferences for a policy of statistical repression, an integral feature of the Great Terror (1937–1938). We use regional variation in the victims generated by this policy to structurally estimate the value that Stalin would have been willing to accept for a reduction in citizens’ fatality risk. Our estimate of this value, roughly $85,000 (in 2019 U.S. dollars), is substantially smaller than estimates based on citizens’ willingness to pay in modern India and in the United States in 1940.

Technical Details

RePEc Handle
repec:eee:eecrev:v:133:y:2021:i:c:s0014292121000167
Journal Field
General
Author Count
3
Added to Database
2026-01-25