TY  - JOUR
PY  - 2006//
TI  - Fixed-effects Hedonic Price Model for Statistical Value of Life Estimations
JO  - Transport reviews
A1  - Riera, Pere
A1  - Mhawej, Abir
A1  - Mavsar, Robert
A1  - Bray, R
SP  - 487
EP  - 500
VL  - 26
IS  - 4
N2  - 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 />
LA  - en
SN  - 0144-1647
UR  - http://dx.doi.org/10.1080/01441640600602336
ID  - ref1
ER  -