We explore the incorporation of latent variables (attitudes, beliefs, and perceptions) in the estimation of the value of a statistical life using a hybrid choice model framework. Latent
In this paper, we estimate the Value of Statistical Life (VSL) for Chile, Colombia, and the United States using a hedonic wage model and a pseudo-panel approach. The VSL is a major component of costbenefit analysis of many policies including public health, transportation safety, and environmental regulation. Using pseudo-panels, also known as synthetic cohort data, to estimate the VSL is relevant for
Based on very detailed monitoring data, we examine the effectiveness of the City of London’s congestion charge on traffic. Through multiple Regression Discontinuity Design estimations, we found that the introduction of the congestion charge had an immediate effect and brought significant social welfare, but the effect was diminished as time went on, which explains the need for periodic charge rate adjustments. Moreover, when the charges expanded to new zones, there was a spillover effect to the old zones. At the same time, the charge also affected drivers’ choice of when to drive.
Historically, transport infrastructure connecting the most agriculturally productive areas of Mozambique and the richer southern region has been poor. A primary bottleneck was an unreliable ferry service over the Zambezi river, addressed by construction of a road bridge in 2009. In this paper we identify the impact of this transport infrastructure enhancement on integration of national maize markets.
The real value added in the Indian manufacturing sector for the period 2011–12 to 2016–17 is measured using the double defl ation approach. It is found that the official figures understate manufacturing real value added during the period 2011–12 to 2013–14, and overstate it thereafter, as well as miss an apparent manufacturing contraction that occurred in 2014–15. The results are corroborated by the movement of high frequency indicators that are correlated with manufacturing activity.
Dr. Farzana Afridi along with Dr. Amrita Dhilon and Dr, Sanchari Roy explain how the COVID-19 crisis has affected the urban poor. The phone survey conducted sheds light on how the urban poor are…
Professor Rohini Somanathan and Bhavishya Mehta interviewed a tailor who walked most of the way from Jaipur to his home in Farrukhabad district of Uttar Pradesh. The interview narrates the impact of…
The concept of welfare has evolved to incorporate subjective elements. One key factor for development is social capital. Participation in organizations promotes a more active social life, with potential positive results on welfare. This work investigates this last association through the estimation of a bivariate ordered probit model by using the World Value Survey for Chile.
The last decade has seen a significant global increase in immigration. This large growth has caused an increasing opposition to immigration in local populations in many parts of the world, partly because of a commonly held belief that immigration increases crime. Using data from Chile, spanning 10 years, from 2005 to 2015, we analyze the relationship between immigration and crime through a dynamic Spatial Durbin Model (SDM), which accounts for the possible bias for omitted variables.
