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Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
Orley Ashenfelter Michael Greenstone
No 3, Working Papers from Princeton University, Department of Economics, Industrial Relations Section.
Abstract:
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a staistical 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.
Date: 2004-01References: View references in EconPapers View complete reference list from CitEc Citations View citations in EconPapers (17) Track citations by RSS feed
Downloads: (external link)http://www.irs.princeton.edu/pubs/pdfs/479.pdf First version, 2004
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