Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp018336h1898

 Title: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias Authors: Greenstone, MichaelAshenfelter, Orley Keywords: value of a statistical lifepublication biasspeed limitssafety risksvalue of time Issue Date: 1-Jan-2004 Series/Report no.: Working Papers (Princeton University. Industrial Relations Section) ; 479 Abstract: In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of monetary trade-offs regarding safety in other contexts. URI: http://arks.princeton.edu/ark:/88435/dsp018336h1898 Appears in Collections: IRS Working Papers

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