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VSL thoughts - Coggle Diagram
VSL thoughts
how its calculated
what sample is used
populations
group vs individual
demographics
calcs highly vary by:
age
geography
occupation
gender
income level
context
work
family
every day activity
data collection techniques
options of cost increase vs setting amount yourself
risk amount posed in question
referencing "identified" vs random individual
who it is calculated for
foreign policy
income elasticity adjustment
normalization practices
lowest overall value
mean value (skew)
low mean
highest value
ethics
questions
who is determining the worth of life
who is most adversely affected by it
is it ethical to place a monetary value on life
does having a VSL (or any value) immediately make lives worth more or less
implications
some lives are valued above others
we use value to determine worth
power dynamics
rich vs poor
old vs young
race
foreign policy imperialism and income elasticity VSL
trolley problem
need for it
something to base policy on
evidenced by how every country has one
creates a standard for treatment of "undervalued" groups
cost benefit analysis
learn more abt this
impacts
cost benefit of saving lives
policy creation
how does policy impact our view of our own valu
if VSL varies, should policy vary
varying VSL
higher risk groups
lower VSL
low income workers
high risk occupation
younger people
rural areas
males
lower risk groups
higher VSL
high income
higher education
urban areas
older people
union affiliated workers
inequality
is it accurate
does VSL serve the same purpose for different groups
how does policy accoutn for differences
spread of capitalism?