Doubling the estimated value of life: Results using new occupational fatality data

Using a new series of data on occupational fatalities compiled by the National Institute for Occupational Safety and Health, the authors reassess value-of-life calculations based on labor market tradeoffs between fatality risks and wages. The new data are less subject to the problems of measurement error that plague previously used measures of risk. They indicate higher risk levels than previously believed and a significantly different composition of risk levels within industries. The more comprehensive risk data yield value-of-life estimates of $5 million or more—at least twice as large as estimates obtained using the Bureau of Labor Statistics risk data employed in previous studies.     

Sex differences in intellectual and ego development in late adolescence

Perry's scheme of intellectual and ethical development was examined for sex differences with respect to areas of identity concern for which sex differences have been suggested: occupational choice, interpersonal relationships, and sexual identity. The content area of religion and ego development, as measured by Loevinger's sentence completion test (SCT), were also examined. Thirty-one females and 29 males participated. An interview format which applied Perry's unstructured approach to each of the four areas was utilized. Transcribed interviews and SCTs were rated blind. Structural as well as content analyses were performed. Structural analyses revealed no significant sex differences overall or by content area. However, multiple and stepwise regression analyses revealed patterns in which male personality processes consistently focused upon occupational issues while female processes focused upon interpersonal and sexual issues. Ego development was found to be highly correlated with intellectual development for men but unrelated for women. Content analyses suggest that women focus their interpersonal worlds developmentally upon issues of trust while men focus upon issues of rightness. Results are interpreted in the context of recent works by Gilligan concerning sex differences in development.Completing his Ph.D. in clinical psychology at Miami University. Current research interests include adolescent and female development and family therapy.Received her Ph.D. in clinical psychology from the University of Florida. Current research interests include women's development, assessment, and psychotherapy.     

The value of life in legal contexts: survey and critique

Value of life issues traditionally pertain to insurance of thelosses of accident victims, for which replacement of the economicloss is often an appropriate concept. Deterrence measures ofthe value of life focus on risk-money tradeoffs involving smallchanges in risk. Using market data for risky jobs and productrisk contexts often yields substantial estimates of the valueof life in the range of $3 million to $9 million. These estimatesare useful in providing guidance for regulatory policy and assessmentsof liability. However, use of these values to determine compensation,known as hedonic damages, leads to excessive insurance.