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Example sentences for: jones-
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The second issue is addressed by assuming that the relationship between age and willingness-to-pay for fatal risk reductions can be approximated using an adjustment factor derived from Jones-Lee (1989).
E Jones-Lee (1989) provides an estimate of age-adjusted VSL based on a finding that older people place a much lower value on mortality risk reductions than middle-age people.
27 For a more detailed discussion of altruistic values related to the value of life, see Jones-Lee (1992).
, 1985; Jones-Lee, 1989; Jones-Lee, 1993).
The results of this alternative calculation reduce the overall Base Estimate for the Clear Skies Act by 43 percent for the more extreme adjustment derived from Jones-Lee (1989), and by 9 percent for the less extreme adjustment derived from Jones-Lee (1993), as summarized in Exhibits 15 and 16 below.