4 VSL: The United Kingdom and Ireland sit on either side of the Irish Sea, which is the most radioactively contaminated sea in the world. Imagine that the two countries are considering a collaboration to stop the dumping of radioactive waste into the sea. They anticipate that, over the next decade, this policy will save an equal number of lives in each country. They've turned to you to help them determine whether the benefits of this investment would exceed its costs. You've offered to calculate each country's Value of a Statistical Life using data from each country's labor market. (Assume that Job A and B are identical in all ways, except for their salaries and safety) 4.1 Based off of this information, what is the estimated Value of a Statistical Life in the UK? 4.2 What is the estimated Value of a Statistical Life in Ireland? 4 VSL: The United Kingdom and Ireland sit on either side of the Irish Sea, which is the most radioactively contaminated sea in the world. Imagine that the two countries are considering a collaboration to stop the dumping of radioactive waste into the sea. They anticipate that, over the next decade, this policy will save an equal number of lives in each country. They've turned to you to help them determine whether the benefits of this investment would exceed its costs. You've offered to calculate each country's Value of a Statistical Life using data from each country's labor market. (Assume that Job A and B are identical in all ways, except for their salaries and safety) 4.1 Based off of this information, what is the estimated Value of a Statistical Life in the UK? 4.2 What is the estimated Value of a Statistical Life in Ireland