The Value of a Statistical Life and Coronavirus, with Alan Krupnick

This week, host Daniel Raimi talks with RFF Senior Fellow Alan Krupnick about the value of a statistical life, or VSL. As we all try to stay safe during the coronavirus pandemic, some analysts have started to ask the question, How much economic pain is appropriate to withstand to protect public health? The question is studded with ethical and moral land mines that, to some extent, VSL helps to address. In today’s episode, Krupnick takes us through the history of the VSL concept, different methods for calculating VSL, and how VSL might (or might not) be applied in today’s rapidly changing world. References and recommendations: "Mengele: Unmasking the 'Angel of Death'" by David G. Marwell; https://wwnorton.com/books/9780393609530