Automobile Seatbelt Usage and the Value of Statistical Life

C-Tier
Journal: Southern Economic Journal
Year: 2007
Volume: 73
Issue: 3
Pages: 659-676

Authors (2)

Jahn K. Hakes (not in RePEc) W. Kip Viscusi (Vanderbilt University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

This article uses several within‐sample tests to assess whether current seatbelt usage decisions are consistent with the stated preferences of survey respondents. The expressed survey values of statistical life are positively associated with the probability of seatbelt usage and are not statistically different from the values of statistical life implied by seatbelt usage decisions, which are in the $1.9 million to $8.4 million range. Seatbelt usage also varies in the expected manner with individual measures of heterogeneous attitudes toward risk, such as smoking status and education. Our evidence on seatbelt usage supports the view that consumers consistently balance expected safety benefits against the time and discomfort costs of seatbelt use.

Technical Details

RePEc Handle
repec:wly:soecon:v:73:y:2007:i:3:p:659-676
Journal Field
General
Author Count
2
Added to Database
2026-01-29