The Value of Individual and Societal Risks to Life and Health
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nine countries. Using a mixed effects regression model, they conclude that much of
the source of variability in the VSL studies can be traced to differences in the studies’
econometric methodologies. Doucouliagos et al. (2012a) seek to control for publication
selection effects and find that doing so lowers the estimated VSL.
7.8 VSL ESTIMATES USING CFOI DATA
7.8.1 Wage Equation Estimates Using Different CFOI Risk Measures
An alternative to expanding the sample or altering the estimation approach is to focus
on a subset of the labor market studies using better and more accurate fatality ...
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