The U.S. Consumer Product Safety Commission has dropped its plan to double the VSL for children, citing W. Kip Viscusi’s work. By rejecting a higher value for children, the CPSC signals a move toward uniform, market-based life valuations — a technical shift that could make it harder to justify certain child-focused safety regulations. Read more here.
The formal Federal Register notice from the U.S. Consumer Product Safety Commission announcing the withdrawal of the agency’s earlier guidance can be found here.