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http://hdl.handle.net/10419/67207
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| Title: | | New estimates of the value of a statistical life using air bag regulations as a quasi-experiment  |
| Authors: | | Rohlfs, Chris Sullivan, Ryan Kniesner, Thomas J. |
| Issue Date: | | 2012 |
| Series/Report no.: | | Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 6994 |
| Abstract: | | Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the implied distribution of the Value of a Statistical Life (VSL) across consumers. While imprecise, our preferred point estimates indicate that the median VSL is between $7 million and $13 million, but that a sizable portion of consumers placed negative values on air bags, probably due to distrust of the technology. |
| Subjects: | | value of statistical life VSL airbags regression discontinuity design quasi-experiment |
| JEL: | | J17 R41 I18 K32 L62 D12 D61 H40 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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