3 ms·
Interesting points, it made me stumble on an article about how much USG regulations generally spend per life saved. Spoiler: it varies wildly. Writeup: https:
by brownbat 9y ago
Interesting points, it made me stumble on an article about how much USG regulations generally spend per life saved.
Spoiler: it varies wildly.
Writeup: https://www.thelifeyoucansave.org/blog/id/93/how-much-are-we-willing-to-spend-to-save-a-life https://www.thelifeyoucansave.org/blog/id/93/how-much-are-we...
Citing: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=424523 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=424523
Here are some illustrative examples:
* Consumer Product Safety Commission's (CPSC's) regulation on childproof lighters = $100k
* Federal Aviation Administration rules on airplane cabin fire protection = $300K
* National Highway Transportation and Safety Administration rules on passive restraints and seat belts = $500K
* CPSC's rules on children's sleepwear flammability = $2.2MM
* EPA's rules on fugitive benzene emissions = $3.7MM