Mortality Risk Valuation in Policy Assessment

Annex G. Recommended VSL estimates: Descriptive statistics

Descriptive statistics

Table A G.1 provides the GDP per capita values for the meta sample (study level) and the population used to convert mean PUVSL estimates from Section 4.5 of Chapter 4 to base values for the different country groups in Table 6.1 and Table 6.2 of Chapter 6. The sample values for the sample limited to journal publications are also included. These would be needed to estimate base VSL estimates based on these data only.

Table A ‎G.1. GDP per capita (USD thousand, nominal) in population and meta-analysis sample (New SP and RP) of countries within groups

	Population values		Sample values (study level)		Sample values (estimate level)
Country group	GDP/capita (PW)	GDP/capita (CW)	GDP/capita (all public.)	GDP/capita (journals)	GDP/capita (all public.)	GDP/capita (journals)
All countries	21 623	28 914	43603	42157	50442	45746
OECD	56 224	60 622	56213	54816	60118	56330
EU	58 043	60 490	52703	51584	57345	52903
EEA	58 852	63 137	54125	53192	58310	54458
United States	77 178	77 178	65534	65407	67706	64929
High-income countries	62 989	59 194	56324	55020	59246	55281
Low- and middle-income countries	13 576	11 207	10766	10824	9450	9978

Note: PW = VSL adjusted by population-weighted GDP per capita. CW = VSL adjusted by country-weighted GDP per capita. GDP per capita data of OECD countries is computed using OECD data on GDP (OECD, 2024[1]) and population (OECD, 2024[2]). GDP per capita data comes from the World bank (World Bank, 2024[3]) for non-OECD countries. GDP and population data come from the World Economic Outlook database (IMF, 2024[4]) for Chinese Taipei. GDP per capita data for all countries are expressed in PPP.

References

[4] IMF (2024), World Economic Outlook database, International Monetary Fund, https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases#sort=%40imfdate%20descending (accessed on 7 January 2025).

[1] OECD (2024), GDP and Non-financial Accounts, OECD Publishing, Paris, https://www.oecd.org/en/data/datasets/gdp-and-non-financial-accounts.html (accessed on 7 January 2025).

[2] OECD (2024), Population, OECD Publishing, https://www.oecd.org/en/data/indicators/population.html (accessed on 7 January 2025).

[3] World Bank (2024), International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.