Estimating the value of a statistical life: The importance of omitted variables and publication bias

American Economic Review

Volumn 94, Issue 2, 2004, Pages 454-460

  Ashenfelter, Orley ^a,b   Greenstone, Michael ^b,c,d  

^a PRINCETON UNIVERSITY   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^d AMERICAN BAR FOUNDATION   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 4043114200     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/0002828041301984     Document Type: Conference Paper

References (11)

1. Ashenfelter, Orley and Greenstone, Michael. "Using Mandated Speed Limits to Measure the Value of a Statistical Life." Journal of Political Economy, Supplement 2004, 112, pp. S226-67.
2. Ashenfelter, Orley; Harmon, Colm and Oosterbeek, Hessel. "A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias." Labour Economics, 1999, 6(4), pp. 453-70.
3. Black, Dan A. and Kniesner, Thomas J. "On the Measurement of Job Risk in Hedonic Wage Models." Journal of Risk and Uncertainty, December 2003, 27(3), pp. 205-20.
4. Blomquist, Glenn C. "Self Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy." Mimeo, University of Kentucky, 2001.
5. Greenstone, Michael. "A Reexamination of the Systemwide Effects of the 65 mph Speed Limit." Economic Inquiry, April 2002, 40(2), pp. 271-78.
6. Hedges, Larry V. "Modeling Publication Selection Effects in Meta-Analysis." Statistical Science, May 1992, 7(2), pp. 246-55.
7. Khan, Nisar; Sinha, Kumares C. and McCarthy, Patrick S. An analysis of speed limit policies for Indiana. West Lafayette, IN: Joint Transportation Research Project, Purdue University, 2000.
8. National Research Council, Transportation Research Board. Fifty-five, a decade of experience. Washington, DC: National Academy Press, 1984.
9. Thaler, Richard and Rosen, Sherwin. "The Value of Saving a Life: Evidence from the Labor Market," in Nestor E. Terlecky, ed., Household production and consumption. Cambridge, MA: National Bureau of Economic Research, 1976, pp. 265-98.
10. U.S. Department of Transportation. Effects of the 65 mph speed limit through 1990: A report to Congress. Washington, DC: National Highway Traffic Safety Administration, 1992.
11. Viscusi, W. Kip. "The Value of Risks to Life and Health." Journal of Economic Literature, December 1993, 31(4), pp. 1912-46.