Upon competition of a ten year research project which analyzes the effect of air pollution and death rates in US cities, Lester B. Lave and Eugene P. Seskin conclude that the mortality rate in the US could shrink by seven percent with a similar if not greater decline in disease incidence if industries followed EPA regulations in cutting back on certain pollutant emissions. The authors claim that this reduction is sufficient to add one year to average life expectancy. Originally published in 1977.
'Without doubt, this study is a tour de force... It is a first-rate example of how to use limited information in a theoretically correct manner, making persistently conservative assumptions, to shed light on the economic efficiency of a major public policy.' Journal of Economic Literature