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Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias / Orley Ashenfelter, Michael Greenstone.
- Format:
- Book
- Author/Creator:
- Ashenfelter, Orley.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10401.
- NBER working paper series no. w10401
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Estimating the Value of a Statistical Life
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- Summary:
- 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.
- Notes:
- Print version record
- April 2004.
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