THE VALUE OF A STATISTICAL LIFE: EVIDENCE FROM PANEL DATA
THE VALUE OF A STATISTICAL LIFE: EVIDENCE FROM PANEL DATA
复制标题
DOI：
10.1162/rest_a_00229
复制
发表时间：
2012-02-01
影响因子：
8
通讯作者：
Ziliak, James P.
中科院分区：
文献类型：
--
作者：
Kniesner, Thomas J.;Viscusi, W. Kip;Ziliak, James P.
我们解决了文献中关于补偿工资差异的长期关注：统计寿命估计值(VSL)的计量经济学性质以及这种估计的广泛范围。我们使用面板数据，一种更准确的死亡风险衡量标准，以及系统地应用面板数据估计器，来应对突出的计量经济学问题。控制测量误差、内生性、可能与回归变量相关的潜在个体异质性、状态相关性和样本组成，VSL估计为400万至1000万美元。相对较窄的范围阐明了监管决策的成本效益。在计量经济学上，最重要的是控制潜在的异质性；不太重要的是如何做到这一点。
We address long-standing concerns in the literature on compensating wage differentials: the econometric properties of the estimated value of statistical life (VSL) and the wide range of such estimates. We confront prominent econometric issues using panel data, a more accurate fatality risk measure, and systematic application of panel data estimators. Controlling for measurement error, endogeneity, latent individual heterogeneity possibly correlated with regressors, state dependence, and sample composition yields VSL estimates of $4 million to $10 million. The comparatively narrow range clarifies the cost-effectiveness of regulatory decisions. Most important econometrically is controlling for latent heterogeneity; less important is how one does it.