TY  - RPRT
        AU  - Ashenfelter, Orley
AU  - Greenstone, Michael
        TI  - Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
        PY  - 2004/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1037
        UR  - https://www.iza.org/publications/dp1037
        AB  - 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.
        KW  - omitted variables bias
KW  - publication bias
KW  - value of a statistical life
KW  - speed limits
KW  - traffic safety
        ER  -