L. Cropper, MaureenSahin, Sebnem2012-03-192012-03-192009-02-01https://hdl.handle.net/10986/4041Benefit-cost analyses of disaster risk reduction (DRR) projects are an important tool for evaluating the efficiency of such projects, and an important input into decision making. These analyses, however, often fail to monetize the benefits of reduced death and injury. The authors review the literature on valuing reduced death and injury, and suggest methods for calculating order-of-magnitude estimates of these benefits. Because few empirical estimates of the Value of a Statistical Life (VSL) are available for developing countries, methods for transferring estimates from high income to middle and low income countries are reviewed. The authors suggest using the range of values implied by an income elasticity of 1.0 and an elasticity of 1.5. With regard to injury valuation they discuss arguments for and against monetizing Quality Adjusted Life Years, and provide shortcuts to valuing injuries that may be used to assess their importance in DRR benefit-cost analyses.CC BY 3.0 IGOACCIDENTAL DEATHAIRAIR POLLUTIONAIR QUALITYANXIETYAUTOMOBILEBICYCLE HELMETSBICYCLE SAFETYBLOOD VESSELSBUDGET CONSTRAINTSBURNSCARCARDIAC ARRESTCASUALTIESCERVICAL SPINECLIMATE CHANGECLIMATE CHANGE NEGOTIATIONSCOLLAPSE OF BUILDINGSCOMMUTERSCOMPENSATING WAGE DIFFERENTIALSCONCEPTUAL FRAMEWORKCONTINGENT VALUATIONCOST ANALYSESCOST ANALYSISCOST-BENEFIT ANALYSISCRASH COSTSCREDDAMAGESDAT DATABASEDEATH RATEDEATH TOLLDECISION MAKINGDEVELOPED COUNTRIESDEVELOPING COUNTRY CONTEXTDISABILITIESDISASTERDISASTER MITIGATIONDISASTER MITIGATION PROJECTSDISASTER REDUCTIONDISASTER RISKDISASTER RISK REDUCTIONDISASTER RISKSDISASTER TYPEDISASTERSDISCOUNT RATEDISCOUNT RATESDISCOUNTED VALUEDROUGHTSDROWNINGEARLY WARNINGEARLY WARNING SYSTEMSEARTHQUAKEEARTHQUAKESECONOMICS LITERATUREECONOMISTSELASTICITIESELASTICITYEMERGENCY MANAGEMENTEMERGENCY ROOMEMERGENCY SERVICESEMPIRICAL EVIDENCEENVIRONMENTALENVIRONMENTAL ECONOMICSENVIRONMENTAL HEALTHENVIRONMENTAL POLICYENVIRONMENTAL PROTECTIONENVIRONMENTAL PROTECTION AGENCYEPIDEMIOLOGYEVACUATIONEXPECTED UTILITYEXPECTED VALUEFATAL INJURIESFATAL INJURYFATALITIESFATALITYFLOODFLOODSFORECASTSFRACTURESGDPHEALTH RISKSHIGHWAYHUMAN CAPITALHURRICANEHURRICANESINCOMEINCOME LEVELSINDUSTRIAL ECONOMICSINFECTIOUS DISEASEINFECTIOUS DISEASESINJURED PERSONSINJURIESINJURYINJURY PREVENTIONINJURY RISKINJURY SCALEINSURANCELABOR MARKETSLAND USELANDSLIDESLEISURELIFE EXPECTANCYMARGINAL COSTMARGINAL UTILITYMEDICAL TREATMENTMEDICINEMIDDLE INCOME COUNTRIESMIDDLE INCOME COUNTRYMOBILITYMORBIDITYMORTALITYMOTORISTSNATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATIONNATURAL DISASTERNATURAL DISASTERSNATURAL HAZARDSNEGOTIATIONSPER CAPITA INCOMEPOLLUTIONPRESENT VALUEPRODUCTIVITYPUBLIC HEALTHPUBLIC HEALTH CONSEQUENCES OF DISASTERSQUALITY OF LIFEREPLACEMENT COSTSRESOURCE ALLOCATIONRISK ANALYSISRISK AVERSIONRISK MANAGEMENTRISK MANAGEMENT PROJECTSRISK NEUTRALRISK REDUCTIONSROADROAD SAFETYROAD TRAFFICSAFETYSAFETY DEVICESAFETY HELMETSSAFETY REGULATIONSSANITATIONSTORMSTORMSTOLLTOTAL COSTSTRAFFIC ACCIDENTSTRAFFIC CRASHESTRAFFIC INJURIESTRAFFIC SAFETYTRANSPORTTRANSPORT ECONOMICSTRANSPORTATIONTROPICAL CYCLONESTRUETSUNAMITSUNAMISUTILITY FUNCTIONUTILITY MAXIMIZATIONVALUATIONVEHICLESVOLCANOESWAGESWEALTHWILLINGNESS TO PAYWORKERSWORLD HEALTH ORGANIZATIONWOUNDSWTPWorld Bank10.1596/1813-9450-4832