Value of statistical life in Russia: Estimates based on panel microdata for 2010–2020

Ekaterina Zubova ()
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Ekaterina Zubova: Lomonosov Moscow State University, Moscow, Russian Federation; Yale University, USA;

Applied Econometrics, 2022, vol. 65, 45-64

Abstract: The novelty of this research is that there are provided first estimates of the value of statistical life in Russia, considering wage differential for occupational risks, based on the analysis of panel data (2010–2020). The resulting estimates of VSL in Russia adjusted for two-way effects are in the range of 231.7 and 288.3 mln rubles that are considerably lower than ones obtained with pooled regression (397 mln) and between estimator (420.6 mln) and comparable with corresponding values for the USA (11.4–11.6 mln US dollars).

Keywords: value of statistical life; panel data; risk compensating differential; occupational risks; cost-benefit analysis (search for similar items in EconPapers)
JEL-codes: I38 J17 J31 K32 (search for similar items in EconPapers)
Date: 2022
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