Insights / Podcast episodeJul 01, 2021

Economics of Courage

Economists and policymakers alike rely on the “value of a statistical life” to make important trade-offs. What are the merits of such a calculation? Can it be improved? Economists Michael Greenstone and Kyle Greenberg join to discuss groundbreaking research examining army reenlistment choices to show how US soldiers, in effect, price the risk of certain career options.


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