Pérez, Jorge Eduardo Martínez; Martínez, Ildefonso … - In: Hacienda Pública Española 191 (2009) 4, pp. 73-93
This paper analyzes what can be learned about the value of a statistical life (VSL) using the hedonic wage model. The time series variation of cross sectional estimates, along with the endogeneity of risk choices and the absence of adequate instruments recommends moving to panel data analysis....