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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, Michael Ashenfelter, Orley |
| Keywords: | value of a statistical life publication bias speed limits safety risks value 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 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 479.pdf | 203.58 kB | Adobe PDF | View/Download |
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