%0 Report
        %A Ashenfelter, Orley
%A Greenstone, Michael
        %T Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
        %D 2004
        %8 2004 Mar
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1037
        %U https://www.iza.org/publications/dp1037
        %X 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.
        %K omitted variables bias
%K publication bias
%K value of a statistical life
%K speed limits
%K traffic safety