Abstract：
:The value of a statistical life (VSL) is a very controversial topic, but one which is essential to the optimization of governmental decisions. We see a great variability in the values obtained from different studies. The source of this variability needs to be understood, in order to offer public decision-makers better guidance in choosing a value and to set clearer guidelines for future research on the topic. This article presents a meta-analysis based on 39 observations obtained from 37 studies (from nine different countries) which all use a hedonic wage method to calculate the VSL. Our meta-analysis is innovative in that it is the first to use the mixed effects regression model [Raudenbush, S.W., 1994. Random effects models. In: Cooper, H., Hedges, L.V. (Eds.), The Handbook of Research Synthesis. Russel Sage Foundation, New York] to analyze studies on the value of a statistical life. We conclude that the variability found in the values studied stems in large part from differences in methodologies.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Bellavance F,Dionne G,Lebeau Mdoi
10.1016/j.jhealeco.2008.10.013subject
Has Abstractpub_date
2009-03-01 00:00:00pages
444-64issue
2eissn
0167-6296issn
1879-1646pii
S0167-6296(08)00154-9journal_volume
28pub_type
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