Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
Orley Ashenfelter and
Michael Greenstone
No 10401, NBER Working Papers from National Bureau of Economic Research, Inc
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.
JEL-codes: H43 J17 (search for similar items in EconPapers)
Date: 2004-04
New Economics Papers: this item is included in nep-hea
Note: EH LE LS
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Published as Ashenfelter, Orley and Michael Greenstone. "Estimating The Value Of A Statistical Life: The Importance Of Omitted Variables And Publication Bias," American Economic Review, 2004, v94(2,May), 454-460.
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Journal Article: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias (2004) 
Working Paper: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias (2004) 
Working Paper: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias (2004) 
Working Paper: Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias (2004) 
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