Despite the rapid growth of road transport, emissions of lead have fal
len dramatically in recent decades, so much so that experts suggest ai
rborne lead is no longer a health risk in developed economics. To test
this proposition, recent epidemiological evidence on dose-response fu
nctions is merged with economic valuation techniques to derive an econ
omic cost for lead emissions in the UK. While premature mortality effe
cts are modest, it is concluded that the overall economic cost is stil
l significant. Copyright (C) 1996 Elsevier Science Ltd.