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Department%20of%20Economics%20The%20University%20of%20Akron

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Department of Economics The University of Akron The Graduated Drivers License Program 3.A,B 1998. Points of Interest GDL Proposal Benefits and Costs Recommendation ... – PowerPoint PPT presentation

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Title: Department%20of%20Economics%20The%20University%20of%20Akron


1
Department of Economics The University of Akron
  • The Graduated Drivers License
  • Program 3.A,B 1998.

2
Points of Interest
  • GDL
  • Proposal
  • Benefits and Costs
  • Recommendation
  • all statistics and data referenced are sited in
    the full paper provided.

3
The GDL
  • In 1998, Ohio enacted a version of the Graduated
    Drivers License Program.
  • Its purpose was to supplement the standing
    process for a minor to attain his/her drivers
    license.
  • It has not been revised since its implementation
    in 1998.

4
Current Guidelines
  • Requirements for license.
  • Safety belts.
  • Nighttime driving restrictions.

5
2003
  • The nighttime driving restriction was 1am-5am.
  • 42 of fatal accidents involving teenage drivers
    occurred between the hours of 9pm and 5am.
  • Less than 1 occurred within the current GDL
    restriction window of 1am to 5am.

6
Proposal
  • Expand driving curfew.

7
  • Benefits and Costs

8
Variables
  • Benefits
  • Lives saved
  • Injuries avoided
  • Costs
  • Opportunity cost to parents
  • Fuel
  • Implementation

9
Monetized Benefits
  • Value of Human Life 3.6 million
  • 45 lives saved
  • Monetary value 159.3 million
  • Value of Non-Fatal Injury 45,500
  • 287 injuries avoided
  • Monetary value 12.8 million

10
Monetized Costs
  • Opportunity cost per parent annually 1178
  • 47.7 million
  • Cost of fuel 1.52 (2003)
  • 237.45
  • Implementation of curfew
  • 47,243

11
Net Benefits
  • Total Benefits
  • 168.7 million
  • Total Costs
  • 56.5 million
  • Total Net Benefits 112.2 million

12
Sensitivity to Compliance
  • At 60 compliance
  • Benefits are reduced 40 to 101.2 million
  • Costs 56.5 million
  • Total Net Benefit 44.8 million
  • A reduction of 60
  • Terminal Net Benefit at 33.5 compliance

13
Recommendations and Conclusion
  • Positive Net Benefit
  • Compliance
  • Enforcement
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