EconPapers    
Economics at your fingertips  
 

The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life

W Viscusi

American Journal of Health Economics, 2015, vol. 1, issue 1, 27-52

Abstract: Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias often yield bias-corrected estimates of VSL that are substantially below the mean VSL estimates. Labor market studies using the more recent Census of Fatal Occupational Injuries (CFOI) data are subject to less measurement error and also yield higher bias-corrected estimates than do studies based on earlier fatality rate measures. These results are borne out by the findings for a large sample of all VSL estimates based on labor market studies using CFOI data and for four meta-analysis data sets consisting of the authors’ best estimates of VSL. The confidence intervals of the publication bias-corrected estimates of VSL based on the CFOI data include the values that are currently used by government agencies, which are in line with the most precisely estimated values in the literature. © 2015 American Society of Health Economists and Massachusetts Institute of Technology

Keywords: VSL; Value of a statistical life; CFOI; labor market (search for similar items in EconPapers)
JEL-codes: I10 I11 I15 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
https://www.journals.uchicago.edu/doi/pdf/10.1162/AJHE_a_00002 link to full text PDF (application/pdf)
Access to the online full text or PDF requires a subscription.

Related works:
Journal Article: The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life (2015) Downloads
Working Paper: The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:amjhec:v:1:y:2015:i:1:p:27-52

Access Statistics for this article

More articles in American Journal of Health Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division (pubtech@press.uchicago.edu).

 
Page updated 2025-03-24
Handle: RePEc:ucp:amjhec:v:1:y:2015:i:1:p:27-52