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1 [i] (1980)

handle is hein.amenin/aeiabwv0001 and id is 1 raw text is: 





































































































































Reducing Risks to Life: Measurement of the Benefits, by Martin J.
















Bailey, develops the basic reasoning of benefit-cost analysis as it















applies to government programs and regulations intended to save
















lives. The author shows how to produce more benefits by shifting
















resources away from high-cost, low-benefit programs toward programs
















that save lives at lower costs. He also shows how to estimate the
















amount people are willing to pay for increased safety on the basis of















private job choices. Such estimates indicate that the value of the
















benefits of life-saving programs are far greater than the amounts the










saved workers produce at work. This information can help guide





















the allocation of resources to improve safety through public programs
















and regulation.
















     Martin J. Bailey is professor of economics at the University of
















Maryland.
















































ISBN 0-8447-3346-6


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American Enterprise Institute for Public Policy Research














1150 Seventeenth Street, N.W., Washington, D.C. 20036
























































                              ISBN 978-0-8447-3346-3















                                                    90000





















































































                             9_ 78084'41 733463       ---


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