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Economic damage cost of premature death due to fine particulate matter in Seoul, Korea

Authors
 Yongjin Lee  ;  Jiyeon Yang  ;  Youngwook Lim  ;  Changsoo Kim 
Citation
 ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, Vol.28(37) : 51702-51713, 2021-10 
Journal Title
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
ISSN
 0944-1344 
Issue Date
2021-10
MeSH
Air Pollutants* / analysis ; Air Pollution* ; Environmental Exposure ; Humans ; Mortality, Premature ; Particulate Matter / analysis ; Republic of Korea ; Seoul
Keywords
Air pollution ; Particulate matter ; Premature death ; Value of statistical life ; Willingness to pay
Abstract
Analyzing the economic value of the damage to human health caused by environmental risks has become an essential research focus, given the increasing necessity for effective decision-making. Since logical and rational analyses such as cost-benefit and cost-utility analyses will likely gain importance in future policymaking, the evaluation of economic costs becomes necessary. Among the various types of air pollutants, fine particulate matter (PM) is reported as closely related to mortality. To reduce result uncertainty by improving the methodology of risk assessment or the economic evaluation of fine PM, risk control measures are required for high-priority areas. This study addresses this issue by estimating the relative risk of PM2.5 while calculating the economic loss cost arising from acute death due to fine PM exposure in Seoul, Korea. The value of statistical life of one person's willingness to pay for mortality risk reduction is calculated to estimate the economic loss cost at each current level of exposure. The estimated economic loss cost due to all-cause mortality during 2016-2018 totaled approximately USD 1307.9 million per year; the costs of loss from respiratory and cardiovascular mortalities were USD 128.1 million per year and USD 426.9 million, respectively. Based on these results, this study concludes that the standards for PM2.5 are more effective than the ones established for PM10 in terms of economic value.
Full Text
https://link.springer.com/article/10.1007%2Fs11356-021-14362-y
DOI
10.1007/s11356-021-14362-y
Appears in Collections:
1. College of Medicine (의과대학) > Research Institute (부설연구소) > 1. Journal Papers
1. College of Medicine (의과대학) > Dept. of Preventive Medicine (예방의학교실) > 1. Journal Papers
Yonsei Authors
Kim, Chang Soo(김창수) ORCID logo https://orcid.org/0000-0002-5940-5649
Yang, Ji Yeon(양지연)
Lee, Yong Jin(이용진)
Lim, Young Wook(임영욱) ORCID logo https://orcid.org/0000-0001-8845-2850
URI
https://ir.ymlib.yonsei.ac.kr/handle/22282913/185464
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