The value of statistical life in road safety: a meta-analysis
Abstract
Costs of accidents make up an important part of the total external cost of traffic. A substantial proportion of accident costs is related to fatal accidents. In the evaluation of fatal accident costs the availability of an estimate of the economic value of a statistical life is pivotal. We present an overview of the empirical literature on the value of statistical life in road safety (VOSL), and use meta-analysis to determine variables that...
Paper Details
Title
The value of statistical life in road safety: a meta-analysis
Published Date
Nov 1, 2003
Volume
35
Issue
6
Pages
973 - 986
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