## value of statistical life

Occasional Contributor
Posts: 6

# value of statistical life

Does anyone know how to calculate the Value of Statistical life in SAS?

the variables in the data set im working with are defined as:

wage = worker's hourly wage rate

male = 1 if worker is male and =0 otherwise

white = 1 if worker's race is white = 0 otherwise

age = workers age in years

fatrate = worker's risk of fatality measured in terms of deaths per 100,000 workers.

the code I have so far (to estimate a linear hedonic wage equation for wages and log wages) is:

data final;
set 'final';
lwage= log(wage);
age2 = age*age;

run;
proc means data=final;
run;

proc reg data=final outest=est tableout;
model wage = male white age age2 fatrate;
model lwage= male white age age2 fatrate;
run;
proc print data=est;
title 'OUTEST data from PROC REG';
run;

Super User
Posts: 20,688

## Re: value of statistical life

Can you translate that to a programming problem? I'm not sure I understand the question, even having worked as an actuary

Super User
Posts: 20,688

## Re: value of statistical life

Can you translate that to a programming problem? I'm not sure I understand the question, even having worked as an actuary

Posts: 5,043