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来源类型Working Paper
规范类型报告
DOI10.3386/w29185
来源IDWorking Paper 29185
The Value of Statistical Life: A Meta-analysis of Meta-analyses
H. Spencer Banzhaf
发表日期2021-08-30
出版年2021
语种英语
摘要The Value of Statistical Life (VSL) is arguably the most important number in benefit-cost analyses of environmental, health, and transportation policies. However, agencies have used a wide range of VSL values. One reason may be the embarrassment of riches when it comes to VSL studies. While meta-analysis is a standard way to synthesize information across studies, we now have multiple competing meta-analyses and reviews. Thus, to analysts, picking one such meta-analysis may feel as hard as picking a single "best study." This paper responds by taking the meta-analysis another step, estimating a meta-analysis (or mixture distribution) of six meta-analyses. The baseline model yields a central VSL of $7.0m, with a 90% confidence interval of $2.4m to $11.2m. The provided code allows users to easily change subjective weights on the studies, add new studies, or change adjustments for income, inflation, and latency.
主题Health, Education, and Welfare ; Health ; Labor Economics ; Demography and Aging ; Labor Compensation ; Other ; Law and Economics ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w29185
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/586858
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GB/T 7714
H. Spencer Banzhaf. The Value of Statistical Life: A Meta-analysis of Meta-analyses. 2021.
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