Climate change, large risks, small risks, and the value per statistical life
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F24%3A10484782" target="_blank" >RIV/00216208:11230/24:10484782 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11690/24:10484782
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=H7BoE_Bdzp" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=H7BoE_Bdzp</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10584-024-03721-6" target="_blank" >10.1007/s10584-024-03721-6</a>
Alternative languages
Result language
angličtina
Original language name
Climate change, large risks, small risks, and the value per statistical life
Original language description
We conduct a contingent valuation survey in Spain and the UK to elicit information about the Willingness to Pay (WTP) for heat wave watch and response programs. We find that people are willing to pay for such programs, and that the WTP (euro 50 for each of 10 years; 2019 PPP euro) is virtually the same across the two countries and across respondents that received two alternate presentations of the mortality risks with and without the programs. The responses to the WTP questions are internally consistent. Persons who re-assessed their own risks as "very high" after reading the questionnaire's information about the health effects of excessive heat are prepared to pay more for these programs. These persons are in poor health and less highly educated, and thus an important priority for outreach and education efforts by heat wave watch and response programs. That people value saving lives during heat waves as important is confirmed by the results of person tradeoffs, which show that avoiding a fatality during heat waves is comparable to avoiding a cancer fatality, is slightly more valuable than an avoiding a cardiovascular fatality, and definitely more valuable than an avoided road traffic fatality. The Value per Statistical Life implied by the WTP for the programs is euro 1.1 million to euro 4.7 million (2019 PPP euro), depending on the size of the mortality risk reduction valued by the respondent, for an average of euro 1.6 million.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
10511 - Environmental sciences (social aspects to be 5.7)
Result continuities
Project
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Continuities
R - Projekt Ramcoveho programu EK
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Climatic Change
ISSN
0165-0009
e-ISSN
1573-1480
Volume of the periodical
177
Issue of the periodical within the volume
4
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
26
Pages from-to
62
UT code for WoS article
001190967100006
EID of the result in the Scopus database
2-s2.0-85188609955