Abstract

References (39)

Beta

Citations (17)

Beta

One-Click Download | Share | Email | Add to Briefcase

Saving Lives: A Review of the Record

John F. Morrall III
Office of Management and Budget (OMB)

July 2003

AEI-Brookings Joint Center Working Paper No. 03-6

Abstract:
This paper presents evidence on the cost-effectiveness of 76 regulatory actions promulgated by the Federal government from 1967 to 2001 by updating similar work published by the author in 1986. The paper first responds to several critiques of the original article recently published in prominent law journals by showing that most of the specific criticism is based on misrepresentations and mistakes. Wide differences in cost-effectiveness indicate the possibility of saving lives more effectively. Regulations aimed at reducing safety and cardiovascular risks have been more cost-effective than regulations aimed at reducing cancer risks. The author suggests several potential regulations that could save lives more cost-effectively than the vast majority of regulations issued to date.

Keywords: mortality risks, value of life, cost-effectiveness, regulation

JEL Classifications: J17

Working Paper Series

Date posted: July 16, 2003 ; Last revised: November 30, 2003

Suggested Citation

Morrall, John F., Saving Lives: A Review of the Record (July 2003). AEI-Brookings Joint Center Working Paper No. 03-6. Available at SSRN: http://ssrn.com/abstract=424523 or doi:10.2139/ssrn.424523

Export to: Export Citation What's this?

Contact Information

John F. Morrall III (Contact Author)

Office of Management and Budget (OMB) ( email )

725 17th St., NW
Washington, DC United States
202-395-3080 (Phone)