Using Mandated Speed Limits to Measure the Value of a Statistical Life

By Orley Ashenfelter, Michael Greenstone. Journal of Political Economy, 2004

328 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/9762ccc493bf48d0b95820508a601504ceddc64c

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Citations in the corpus

Does Social Distancing Matter? (2020, background): “In (2), we assume the peak of the epidemic, in terms of cases and deaths per day, was some fraction lower than in Ferguson et al.”
Life and Death in the Fast Lane: Police Enforcement and Traffic Fatalities (2014, positive): “fcmy VMTcy = β ∗ enforcecmy VMTcy +mm + cc + weather ′α + α2 ∗ unempcmy + umy (3) 29State-level estimates that use the layoff as an instrument for citations are simlar, and are reported in Appendix Table 4.”
Willingness to Pay for Clean Air: Evidence from Air Purifier Markets in China (2020, neutral): “Earlier studies on avoidance behavior against pollution examine (3)In the US and other rich countries, estimated values of a statistical life (VSL) range from $2 to $7 million (Viscusi and Aldy (2003), Ashenfelter and Greenstone (2004), Hall and Jones (2007)).”
Beyond GDP? Welfare Across Countries and Time (2016, neutral): “At the other end of the spectrum, Ashenfelter and Greenstone (2004) support much lower values, less than $2 million.”
A Few Bad Apples? Racial Bias in Policing (2017, methodology): “” This test, pioneered by Becker (1957) stipulates that an agent who is trying to maximize some outcome regardless of race should have the same marginal “success” in the outcome for every racial group. Knowles et al. (2001), henceforth KPT, use this methodology to study police officers in the choice”
Are U.S. Cities Underpoliced? Theory and Evidence (2017, methodology): “The estimated VSL from Ashenfelter and Greenstone (2004) implies a BCR of roughly $0.80, indicating overpolicing.56 Since we are using cost-of-crime figures from 2010, these figures assume we are seeking to apply a cost-benefit analysis as of 2010.”