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How Much Are Human Lives and Health Worth?

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Science  21 Mar 2003:
Vol. 299, Issue 5614, pp. 1836-1837
DOI: 10.1126/science.299.5614.1836

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Summary

By using new assumptions on the dollar value of a human life, among other things, director John Graham of the White House Office of Information and Regulatory Affairs (OIRA) hopes to determine which regulations deliver the biggest bang for the buck. Economists generally support the call for more rigorous cost-benefit analyses, but some question whether OIRA's techniques are ready for prime time.