Browsing Law School by Subject "Life -- Valuation"
Now showing items 1-6 of 6
-
(The Review of Economics and Statistics, 2008)To resolve the theoretical ambiguity in the effect of age on the value of statistical life (VSL), this article uses a novel, age-dependent fatal risk measure to estimate age-specific hedonic wage regressions. VSL exhibits ...
-
(Journal of Risk and Uncertaintyhttp://www.springer.com/economics/economic+theory/journal/11166, 2010)The refinement in worker fatality risk data used in hedonic wage studies and evidence from new stated preference studies have facilitated the exploration of the heterogeneity of the value of statistical life (VSL). Although ...
-
(American Law and Economics Review, 1999)A sample of almost 100 judges exhibited well-known patterns of biases in risk beliefs and reasonable implicit values of life. These biases and personal preferences largely do not affect attitudes toward judicial risk ...
-
(Foundations and Trends in Microeconomics, 2010)Economic research has developed estimates of the heterogeneity of the value of statistical life (VSL) on dimensions such as individual age, income, immigrant status, and the nature of the risk exposure. This paper examines ...
-
(Journal of Risk and Uncertaintyhttp://www.springer.com/economics/economic+theory/journal/11166, 2010)We examine differences in the value of statistical life (VSL) across potential wage levels in panel data using quantile regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects ...
-
(Journal of Economic Literature, 1993)The 1980s marked the first decade in which use of estimates of the value of life based on risk tradeoffs became widespread throughout the Federal government. Previously, agencies assessed only the lost present value of the ...