Value of statistical life year

{
  "id": "MLC-T-ENV-029475",
  "term": "Value of statistical life year",
  "field": "Environment",
  "definition": "An estimated dollar value for a year of statistical life. In practice this metric is typically derived by dividing a VSL estimate by remaining life expectancy or discounted remaining life expectancy. This approach usually assumes that each year of life over the life cycle has the same value.",
  "abbreviation": "VSLY",
  "subject": "General environmental",
  "references": [
    "Preparing Economic Analyses Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/value-of-statistical-life-year/"
}