caa a22 4500 445854626 CHVBK 20180317145424.0 cr unu---uuuuu 170323e20110701xx s 000 0 eng 10.1007/s10640-010-9440-z doi (NATIONALLICENCE)springer-10.1007/s10640-010-9440-z Aggregation Biases in Estimates of the Value per Statistical Life: Evidence from Longitudinal Matched Worker-Firm Data in Taiwan [Elektronische Daten] [Wehn-Jyuan Tsai, Jin-Tan Liu, James Hammitt] This study uses a unique longitudinally-linked employer-employee dataset to estimate the magnitude of bias in estimating the value per statistical life (VSL) that arises from the conventional use of industry-average occupational risk. This unique dataset, covering workers in Taiwan over the period 1998-2002, allows us to distinguish among potential sources of bias including omitted variables and to control for the potential endogeneity of firm-specific job risk with respect to unobserved worker and firm characteristics. We find that VSL estimates based on risk data aggregated by three-digit manufacturing SIC codes are biased downward by an order of magnitude compared with estimates using firm-specific risk that control for endogeneity. Springer Science+Business Media B.V., 2010 Value per statistical life nationallicence Firm-level risk data nationallicence Linked employer-employee data nationallicence Tsai Wehn-Jyuan Department of Economics, Shih Hsin University, No. 111, Mu-Cha Rd., Sec. 1, 11645, Taipei, Taiwan aut Liu Jin-Tan Department of Economics, National Taiwan University, No. 21, Hsu-Chow Rd., 10055, Taipei, Taiwan aut Hammitt James Center for Risk Analysis, Harvard University, Cambridge, MA, USA aut Environmental and Resource Economics Springer Netherlands 49/3(2011-07-01), 425-443 0924-6460 49:3<425 2011 49 10640 https://doi.org/10.1007/s10640-010-9440-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9440-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Tsai Wehn-Jyuan Department of Economics, Shih Hsin University, No. 111, Mu-Cha Rd., Sec. 1, 11645, Taipei, Taiwan aut NATIONALLICENCE 700 1- Liu Jin-Tan Department of Economics, National Taiwan University, No. 21, Hsu-Chow Rd., 10055, Taipei, Taiwan aut NATIONALLICENCE 700 1- Hammitt James Center for Risk Analysis, Harvard University, Cambridge, MA, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 49/3(2011-07-01), 425-443 0924-6460 49:3<425 2011 49 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer