New Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-Experiment

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dc.contributor.authorRohlfs, Chris
dc.contributor.authorSullivan, Ryan
dc.contributor.authorKniesner, Thomas J.
dc.date.accessioned2013-10-25T17:33:42Z
dc.date.available2013-10-25T17:33:42Z
dc.date.issued2012-11
dc.descriptionSSRN-id2177132en_US
dc.description.abstractDue to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the implied distribution of the Value of a Statistical Life (VSL) across consumers. While imprecise, our preferred point estimates indicate that the median VSL is between $7 million and $13 million, but that a sizable portion of consumers placed negative values on air bags, probably due to distrust of the technology.en_US
dc.identifier.citationDiscussion Paper No. 6994
dc.identifier.urihttps://hdl.handle.net/10945/37016
dc.relation.ispartofseriesFaculty & Researcher Publications
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.subject.authorvalue of statistical lifeen_US
dc.subject.authorVSLen_US
dc.subject.authorairbagsen_US
dc.subject.authorregression discontinuity designen_US
dc.subject.authorquasi-experimenten_US
dc.titleNew Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-Experimenten_US
dc.typeWorking Paperen_US
dspace.entity.typePublication
relation.isSeriesOfPublicationc2c3de57-d1f4-47b1-aa53-6f1c074e4c20
relation.isSeriesOfPublication.latestForDiscoveryc2c3de57-d1f4-47b1-aa53-6f1c074e4c20
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