Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20272
Authors: 
Ashenfelter, Orley C.
Greenstone, Michael
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 1037
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.
Subjects: 
value of a statistical life
publication bias
omitted variables bias
speed limits
traffic safety
JEL: 
R4
I18
J17
H43
C8
Document Type: 
Working Paper

Files in This Item:
File
Size
291.72 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.