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.


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    Titel :

    Fixed‐effects Hedonic Price Model for Statistical Value of Live Estimations


    Beteiligte:
    Riera, Pere (Autor:in) / Mhawej, Abir (Autor:in) / Mavsar, Robert (Autor:in) / Brey, Raul (Autor:in)

    Erschienen in:

    Transport Reviews ; 26 , 4 ; 487-500


    Erscheinungsdatum :

    2006-07-01


    Format / Umfang :

    14 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Unbekannt