Value of Statistical Life
From EUROCONTROL ATM Lexicon
Link  Semantic Value 

Term  Value of Statistical Life 
Status 

Mandatory for 

Contexts  
Categories  
Synonyms 
spelling variant: value of a statistical life 
Related entries 

Broader term 

Narrower term 

Abbreviation
VOSL
Definition
the monetary value of a (small and similar among the population) mortality risk reduction that would prevent one statistical death
Definition Source
The Value of a Statistical Life, H. Anderson and N. Treich, Ecole d’économie de Toulouse, February 2009 [1]
Note
Lexicon Release
Lexicon Release 2015.2