Costa, Dora L.; Kahn, Matthew E. - In: Journal of Risk and Uncertainty 29 (2004) 2, pp. 159-180
We present the first nationwide value of life estimates for the United States at more than one point in time. Our estimates are for every ten years between 1940 and 1980, a period when declines in fatal accident rates were historically unprecedented. Our estimated elasticity of value of life...