Valuing Reduced Risks to Children: The Case of Bicycle Safety Helmets

12 Pages Posted: 27 May 2006

See all articles by n R. Jenkins

n R. Jenkins

affiliation not provided to SSRN

Nicole Owens

U.S. Environmental Protection Agency (1809T)

e Bembenek ek Wiggins

affiliation not provided to SSRN

Date Written: October 2001

Abstract

The protection of children`s health has recently become a mandated priority for federal policy makers. To assess many of the regulations that affect children`s health, policy makers need estimates of the monetary value of reducing mortality risks to children. Although the economics literature has provided many estimates of the value of statistical life (VSL) for adult populations, it has provided none for school age children. This article studies the market for bicycle safety helmets and estimates for the first time a separate but comparable VSL for children and adults. We derive three estimates of VSL for each of three age categories (5 to 9, 10 to 14, and 20 to 59) that range from $1.1 to $4.0 million. In all cases, estimates for adults are highest, followed by estimates for the youngest children.

Suggested Citation

Jenkins, n R. and Owens, Nicole and Wiggins, e Bembenek ek, Valuing Reduced Risks to Children: The Case of Bicycle Safety Helmets (October 2001). Contemporary Economic Policy, Vol. 19, Issue 4, pp. 397-408, 2001, Available at SSRN: https://ssrn.com/abstract=904697

N R. Jenkins (Contact Author)

affiliation not provided to SSRN

No Address Available

Nicole Owens

U.S. Environmental Protection Agency (1809T) ( email )

National Center for Environmental Economics
1200 Pennsylvania Ave., NW
Washington, DC 20460
United States

E Bembenek ek Wiggins

affiliation not provided to SSRN

No Address Available

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