MROZEK, Janusz R
What determines the value of life? a meta-analysis - 2002
A large literature has developed in which labor market contracts are used to estimate the value of a statistical life (VSL). Reported estimates of the VSL vary substantitally, from less than $100,000 to more than $25 million. This research uses meta-analysis to quantitatively assess the VSL range of approximately $1,5 million to $2,5 million (in 1998 dollars) is what can be reasonably inferred from past labor-market studies when "best practice" assumptions are invoked. This range is considerably below many previous qualitative reviews of this literature
What determines the value of life? a meta-analysis - 2002
A large literature has developed in which labor market contracts are used to estimate the value of a statistical life (VSL). Reported estimates of the VSL vary substantitally, from less than $100,000 to more than $25 million. This research uses meta-analysis to quantitatively assess the VSL range of approximately $1,5 million to $2,5 million (in 1998 dollars) is what can be reasonably inferred from past labor-market studies when "best practice" assumptions are invoked. This range is considerably below many previous qualitative reviews of this literature
