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Terminology for value of life estimates
| VoL Value of Life |
|||
|---|---|---|---|
| Measures |
VSL Value of a Statistical Life |
VOLY Value of a Life Year |
VOQ Value of a QALY |
| Also known as |
VPF Value of a Prevented Fatality |
SLY Statistical Life Year |
Social value of a QALY WTP-QALY Decision threshold Policy threshold |
| Main estimation approaches |
Human Capital Wage-risk trade-off WTP |
WTP |
Supply-side constraints WTP |
WTP: Willingness-to-pay; QALY: Quality-adjusted life year
