Table 1 Terminology for value of life estimates
| Â | VoL Value of Life | ||
|---|---|---|---|
Measures | VSL Value of a Statistical Life | VOLY Value of a Life Year | VOQ Value of a QALY |
Also known as | VPF Value of a Prevented Fatality | SLY Statistical Life Year | Social value of a QALY WTP-QALY Decision threshold Policy threshold |
Main estimation approaches | Human Capital Wage-risk trade-off WTP | WTP | Supply-side constraints WTP |