statistical analysis is used in hydrology where variables and processes are observed and stated in terms of numbers. the majority of hydrologic phenomena in nature, such as precipitation, runoff, evaporation, sediment transport, water quality properties, elc., are stochastic processes. however, in considering events on an annual basis, the occurence of the events may be assumed independant and ...

In this short paper, we investigate the behavior of the age-dependent value of a statistical life (VSL) within a lifecycle framework with a finite maximal possible lifespan. Some existing results, obtained under the unrealistic assumption of an infinite life expectancy, are reversed. In particular, we show that when the market interest rate is equal to (or less than) the sum of age-specific mor...

This article develops the first measures of age–industry job risks to examine the age variations in the value of statistical life. Because of the greater risk vulnerability of older workers, they face flatter wage-risk gradients than younger workers, which we show to be the case empirically. Accounting for this heterogeneity in hedonic market equilibria leads to estimates of the value of statis...