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

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

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Year of publication:	2005
Authors:	Ashenfelter, Orley ; Greenstone, Michael
Publisher:	[S.l.] : SSRN
Subject:	Systematischer Fehler \| Bias \| Sterblichkeit \| Mortality \| Kosten-Nutzen-Analyse \| Cost-benefit analysis \| Fahrgeschwindigkeit \| Driving speed \| Statistischer Fehler \| Statistical error \| Schätzung \| Estimation \| Verkehrsunfall \| Traffic accident

Extent:	1 Online-Ressource (17 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2004 erstellt
Other identifiers:	10.2139/ssrn.510122 [DOI]
Classification:	J17 - Value of Life; Foregone Income ; C8 - Data Collection and Data Estimation Methodology; Computer Programs ; H43 - Project Evaluation; Social Discount Rate ; I18 - Government Policy; Regulation; Public Health ; R4 - Transportation Systems
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014073197