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The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life

Viscusi, W. Kip - 2014

Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias yield … bias-corrected estimates of VSL that are higher for labor market studies using the more recent Census of Fatal Occupational … of the variable used to capture publication bias effects. Meta-regression estimates for a large sample of VSL estimates …

Persistent link: https://www.econbiz.de/10012458550

Rational Discounting for Regulatory Analysis

Viscusi, W. Kip - 2006

This article examines the economic basis for what is termed "rational discounting," which entails full recognition of policy effects over time and exponential discounting at a riskless rate of return. Policies often cannot be ranked unambiguously in terms of their present or future orientation....

Persistent link: https://www.econbiz.de/10012466374

The Mortality Cost to Smokers

Viscusi, W. Kip - 2007

This article estimates the mortality cost of smoking based on the first labor market estimates of the value of statistical life by smoking status. Using these values in conjunction with the increase in the mortality risk over the life cycle due to smoking, the value of statistical life by age...

Persistent link: https://www.econbiz.de/10012465047

Age Variations in Workers' Value of Statistical Life

Aldy, Joseph E. - 2004

This paper develops a life-cycle model in which workers choose both consumption levels and job fatality risks, implying that the effect of age on the value of life is ambiguous. The empirical analysis of this relationship uses novel, age-dependent fatal and nonfatal risk variables. Workers'...

Persistent link: https://www.econbiz.de/10012468495