Estimating the value of a statistical life : the importance of omitted variables and publication bias.

Author(s)
Ashenfelter, O. & Greenstone, M.
Year
Abstract

In this paper it is shown that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although the empirical results are obtained in the context of a study of choices about road safety, it is suspected that the same issues plague the estimation of monetary trade-offs regarding safety in other contexts. (Author/publisher)

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Publication

Library number
20090098 ST [electronic version only]
Source

Bonn, Institute for the Study of Labor (IZA), 2004, [14] p., 11 ref.; IZA Discussion Paper ; No. 1037

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