In 1987 the federal government permitted states to raise the speed limit on their rural interstate roads, but not on their urban interstate roads, from 55 mph to 65 mph for the first time in over a decade. Since the states that adopted the higher speed limit must have valued the travel hours...

This paper updates analyses of the relationship between fluctuations of the business cycle and the number of traffic fatalities published in 2015 by the International Transport Forum. Since then, the global recession that started in 2008 has ended and economic growth has returned to most...

This report presents the findings and conclusions of a short peer review of road safety policy in Korea. This was centred on a meeting of road safety experts from Korea and from OECD countries held in Seoul in December 2014. The objective was to address the challenge of how to move Korea from...

On January 1, 1991, the federal excise tax on beer doubled, and the tax rates on wine and liquor increased as well. These changes are larger than the typical state-level changes that have been used to study the effect of price on alcohol abuse and its consequences. In this paper, we develop a...

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...