Value of Statistical Life

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Value of Statistical Life (VSL) The Value of Statistical Life (VSL) represents the average comprehensive crash cost of a fatal crash. Based on new interpretation of the literature, FHWA plans to annually release a new VSL and move away from using the Gross Domestic Product (GDP) to inflate crash costs. The VSL is to be used in combination with the relative crash costs. The most recent VSL released by FHWA at the time of this publication was $6M in 2009. An option to inflate the VSL using the GDP has been included in the event annual releases of VSL are not forthcoming. See the discussion above for "Expand to Current Year by GDP." The VSL can be thought of as the comprehensive crash cost of a fatal crash. VSL is defined on the Project Information Worksheet.

