2. When an applied researcher tries to estimate the value of a statistical life" by running a linear regression of wage
Posted: Mon May 02, 2022 8:38 am
2. When an applied researcher tries to estimate the value of a statistical life" by running a linear regression of wage on "risk on the job" and various control variables such as worker and firm characteristics then it would be problematic if "ability of the worker" was part of the error term and less able workers would be more likely to take on more risky jobs.