The Cost of Motor Vehicle Accidents
The Cost of Motor Vehicle Accidents

Author: Wallace I. Little

Publisher:

Published: 1960

Total Pages: 100

ISBN-13:

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Study conducted by faculty members of University of Washington College of Business Administration at request of Joint Fact-Finding Committee on Highways, Streets, and Bridges, Washington State Legislature. Direct and indirect economic costs of motor vehicle accidents in Washington State.

Global Status Report on Road Safety
Global Status Report on Road Safety

Author:

Publisher:

Published: 2009

Total Pages: 12

ISBN-13:

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Approximately 1.3 million people die each year on the world's roads, and between 20 and 50 million sustain non-fatal injuries. The Global status report on road safety is the first broad assessment of the road safety situation in 178 countries, using data drawn from a standardized survey. The results show that road traffic injuries remain an important public health problem, particularly for low-income and middle-income countries. Pedestrians, cyclists and motorcyclists make up almost half of those killed on the roads, highlighting the need for these road users to be given more attention in road safety programmes. The results suggest that in many countries road safety laws need to be made more comprehensive while enforcement should be strengthened. The Global status report on road safety results clearly show that significantly more action is needed to make the world's roads safer. [Ed.]

Alternative Approaches to Accident Cost Concepts
Alternative Approaches to Accident Cost Concepts

Author:

Publisher:

Published: 1984

Total Pages: 10

ISBN-13:

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State-level studies of direct motor vehicle accident costs are based on data which are out of date. If these data are used, the Texas Transportation Institute's 1982 update is most accurate and more current than the State-level cost data presented in the AASHTO "Red Book" (1977) and the Transportation Research Board's Methods for Evaluating Highway Safety Improvements (1975). Good national direct cost estimates (and estimates of the cost of police, coroners, etc.) appear in: The Incidence and Economic Costs of Major Health Impairments by Hartunian, Smart, and Thompson (1981) and The Economic Cost to Society of Motor Vehicle Accidents by NHTSA (1983). Good estimates for human capital costs appear in NHTSA (1983) and are preferred over the National Safety Council's 1981 estimates. No estimates exist of psychosocial costs. Estimates of willingness to pay for life and safety would be theoretically superior to human capital costs for use in benefit-cost analyses. Empirical studies of willingness to pay offer widely divergent value-of-life estimates, and most are based on questionable data, assumptions, or estimation procedures. A survey is needed to determine willingness to pay in a highway safety context. Failing that, use of the willingness-to-pay/human-capital approach presented by Landefeld and Seskin in the American Journal of Public Health in 1982 is recommended. It yields willingness-to-pay values approximately 2.128 times as large as human capital costs. A 4-percent discount rate is recommended