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The Value of a Statistical Life in a Dictatorship — Paul Castañeda Dower (09.07.2017)

EPISODE · Sep 13, 2017 · 41 MIN

The Value of a Statistical Life in a Dictatorship — Paul Castañeda Dower (09.07.2017)

from CREECA Lecture Series Podcast · host Center for Russia, East Europe, and Central Asia at the University of Wisconsin, Madison

What is the value of a statistical life (VSL) in a dictatorship? We structurally estimate the trade-off between monetary costs and fatality risk in the Soviet Union under Stalin’s regime. Using regional variation in the level of political victims during the Great Terror, we estimate this VSL to be approximately $43,000, 6% of the VSL estimate of US in 1940 and 29% of the modern VSL estimate in India. These findings are the first explicit attempt to measure VSL in a dictatorship and are a novel contribution to the debate on autocracies versus democracies.

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The Value of a Statistical Life in a Dictatorship — Paul Castañeda Dower (09.07.2017)

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