Discuss possible reasons why the estimates of the value of life presented in Table 4.1 differ so
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Discuss possible reasons why the estimates of the value of life presented in Table 4.1 differ so much.
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Table 4.1 How Much Is One Life Worth? Meta-analysis of wage-based studies Miller (2009) Mrozek and Taylor (2002) Viscusi and Aldy (2003) Kochi et al. (2006) Meta-analysis of stated preference studies Kochi et al. (2006) Dekker et al. (2011) Lindhjem et al. (2010) Years covered by the studies Value of life in 2009 dollars 5.2 million 2.0 to 3.3 million 6.9 to 9.5 million 11.1 million Years covered by the studies Value of life in 2009 dollars 1974-1990 1974-1995 1974-2000 1974-2002 1988-2002 1983-2008 1973-2008 3.5 million 2.7 to 8.5 million 3.2 million
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The table you have provided appears to show different estimates of the value of one life in 2009 dollars taken from various studies These estimates va...View the full answer
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Related Book For
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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