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Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

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NBER2004-04-01 更新2025-01-04 收录
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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

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2004-04-01
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