@article{ref1,
title="Valuing fatal risks to children and adults: Effects of disease, latency, and risk aversion",
journal="Journal of risk and uncertainty",
year="2010",
author="Hammitt, James K. and Haninger, Kevin`",
volume="40",
number="1",
pages="57-83",
abstract="We examine heterogeneity of willingness to pay (WTP) to reduce risks of fatal disease and trauma to adults and children. Using a stated-preference survey fielded to a large, nationally representative internet panel, we find that WTP to reduce fatal-disease risks (caused by consuming pesticide residues on foods) are similar for several types of cancer and non-cancer diseases and similar to WTP to reduce motor-vehicle crashes. WTP to reduce risk to one's child is uniformly larger than to reduce risk to another adult or to oneself. Estimated values per statistical life are $6-10 million for adults and $12-15 million for children.<p />",
language="",
issn="0895-5646",
doi="10.1007/s11166-009-9086-9",
url="http://dx.doi.org/10.1007/s11166-009-9086-9"
}