Abstract：
:The magnitude of the value of a statistical life (VSL) is critical to the evaluation of many health and safety initiatives. To date, the large and rigorous VSL research literature has not explicitly accommodated publication selectivity bias (i.e., the reduced probability that insignificant or negative VSL values are reported). This study demonstrates that doing so is essential. For studies that employ hedonic wage equations to estimate VSL, correction for selection bias reduces the average value of a statistical life by 70-80%. Our meta-regression analysis also identifies several sources for the wide heterogeneity found among reported VSL estimates.
journal_name
J Health Econjournal_title
Journal of health economicsauthors
Doucouliagos C,Stanley TD,Giles Mdoi
10.1016/j.jhealeco.2011.10.001subject
Has Abstractpub_date
2012-01-01 00:00:00pages
197-206issue
1eissn
0167-6296issn
1879-1646pii
S0167-6296(11)00134-2journal_volume
31pub_type
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