@article{ref1,
title="Fixed-effects Hedonic Price Model for Statistical Value of Life Estimations",
journal="Transport reviews",
year="2006",
author="Riera, Pere and Mhawej, Abir and Mavsar, Robert and Bray, R",
volume="26",
number="4",
pages="487-500",
abstract="Relatively little attention has been given to the differences in value of statistical life (VSL) from developed and less developed countries. The paper derives a cross-countries VSL estimate based on road fatality accidents and it provides a test to check for such differences. Estimations were obtained from a fixed-effect hedonic price model applied to a panel of data using new and second-hand car prices from 27 countries as a dependent variable. The VSL estimate of e6.63 million is in line with results from other studies; and the income elasticity of VSL between countries is close to unity, implying that VSL is approximately proportional to income.<p />",
language="en",
issn="0144-1647",
doi="10.1080/01441640600602336",
url="http://dx.doi.org/10.1080/01441640600602336"
}