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IEc combines its economic and risk assessment expertise in developing estimates of the economic value of policies and programs aimed at improving human health and safety.

Our staff have training and extensive experience in risk assessment techniques and are knowledgeable about data sources and models essential to risk analysis. Using these techniques, we model the expected reductions in fatal and nonfatal health effects, such as fewer cases of chronic bronchitis resulting from improved air quality or fewer injuries associated with boating accidents.

We estimate the value of avoided adverse health outcomes from the current literature on willingness to pay, cost of illness, and human capital, considering the quality of the studies that form the basis of such values.

Specialty Area
> Health Effects Valuation

Related Areas
> Risk Communication
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VALUING FATAL RISK REDUCTIONS
Drawing on years of health valuation experience in the context of work for the U.S. Environmental Protection Agency, IEc oversaw an effort for U.S. Customs and Border Protection to establish a methodology for estimating the value of fatal risk reductions in the context of regulations designed to reduce terrorism risk. The collaborative effort involving technical, academic, and agency experts resulted in guidance that has been adopted more widely by the U.S. Department of Homeland Security and all of its component agencies.