The value of a statistical life in Chile

dc.contributor.author	Parada-Contzen, Marcela
dc.contributor.author	Riquelme-Won, Andrés
dc.contributor.author	Vásquez Lavín, Felipe
dc.date.accessioned	2016-01-18T10:54:08Z
dc.date.available	2016-01-18T10:54:08Z
dc.date.issued	01/12/2013
dc.description.abstract	In this article, we estimated the value of a statistical life and the value of a statistical injury (VSI) for Chilean workers using a combination of data from the year 2006 from the Chilean National Socio-Economic Survey, which provides workers’ characteristics, and annual statistics from the Chilean Safety Association, which provide labor accident risk data. We estimated a hedonic log-wage equation taking into account of selection bias and endogeneity. The estimated value of a statistical life was US$4,625,958, which increased by almost a factor three after correcting for endogeneity (US$12,826,520). On the other hand, the estimated VSI was US$30,840. The uncorrected results were lower than the values reported by other authors for various developed countries, but greater than those estimated using indirect approaches for Chile.
dc.identifier.citation	Empirical Economics, 2013, 45 ( 3) :1073-1087
dc.identifier.uri	http://hdl.handle.net/11447/155
dc.identifier.uri	http://dx.doi.org/10.1007/s00181-012-0660-7
dc.language.iso	en_US
dc.subject	Value of a statistical life
dc.subject	Value of a statistical injury
dc.subject	Hedonic wages
dc.title	The value of a statistical life in Chile
dc.type	Artículo

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