Resource title

Estimating the Value of a Statistical Life : The Importance of Omitted Variables and Publication Bias

Resource image

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Resource description

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.

Resource author

Orley C. Ashenfelter, Michael Greenstone

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20272

Resource license

Adapt according to the presented license agreement and reference the original author.