By Robert W. Hahn, Randall W. Lutter, Kip W. Viscusi
This monograph assesses how the adversarial wellbeing and fitness implications linked to regulatory expenses can have an effect on mortality hazard by way of contemplating a extensive crew of federal rules.
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Extra info for Do Federal Regulations Reduce Mortality?
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See Hahn (1996) for details. Our latency assumptions are twenty-five years for lung cancer, ten years for other cancers, and two years for heart disease and stroke. We make no other adjustments for countervailing risks because we have no information indicating that the agencies’ analyses neglect such risks, although such neglect is important in some cases. See, for example, Lutter and Wolz (1997). S. Environmental Protection Agency (1997; 1999a). S. Environmental Protection Agency 1999b, 2). In addition, the estimate is substantially greater than the estimate of roughly $100,000 per life-year suggested by Garber and Phelps (1997).
15. 16. 17. 18. 19. S. Office of Management and Budget (1999). See Hahn (1996) and Warren and Marchant (1993). See Morrall (1986). See Morrall (1986) and Viscusi (1996). See Tengs and Graham (1996). We prefer the phrase reducing mortality risk to the more common phrase saving lives, because it is more accurate. These regulatory actions lower or raise the mortality risk faced by large numbers of people only slightly. In that sense, they are fundamentally different from an effort to save a life by rescuing an identifiable victim from, say, a burning building.
Do Federal Regulations Reduce Mortality? by Robert W. Hahn, Randall W. Lutter, Kip W. Viscusi