Title: Estimating the value of a statistical life
First published: 2004
Description: "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"--National Bureau of Economic Research web site.
Subjects: Econometrics, Economics, Instrumental variables (Statistics), Statistical methods
LC classification: HB1