44  Value of a statistical life



44.2 When to use the input?

This input is recommended to be used in studies where the cost of fatalities resulting from safety accidents in aviation needs to be monetised. This is a significant part of an economic impact of a solution, particularly when the solution focuses on safety improvement.

44.4 References

European Commission DG MOVE, “Handbook on the external costs of transport,” 2019 [Online]. Available: https://op.europa.eu/en/publication-detail/-/publication/9781f65f-8448-11ea-bf12-01aa75ed71a1
EASA, “Notice of Proposed Amendment 2013-20. Seat crashworthiness improvement on large aeroplanes - Dynamic testing 16g,” 2013 [Online]. Available: https://www.easa.europa.eu/sites/default/files/dfu/NPA%202013-20.pdf
European Commission DG REGIO, “Guide to Cost-Benefit Analysis of Investment Projects for Cohesion Policy 2014-2020,” 2014 [Online]. Available: https://ec.europa.eu/regional_policy/en/information/publications/guides/2014/guide-to-cost-benefit-analysis-of-investment-projects-for-cohesion-policy-2014-2020
European Commission, Better regulation’ toolbox 2021 edition,” 2021 [Online]. Available: https://commission.europa.eu/system/files/2023-02/br_toolbox-nov_2021_en.pdf