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Welfare Implications of HIV/AIDS

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Author Info

  • Markus Haacker
  • N. F. R. Crafts

Abstract

The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results illustrate the catastrophic impact of HIV/AIDS in the worst-affected countries and suggest that studies focusing on GDP and income per capita capture only a very small proportion of the welfare impact of HIV/AIDS.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/118.

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Length: 22
Date of creation: 01 Jun 2003
Date of revision:
Handle: RePEc:imf:imfwpa:03/118

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Postal: International Monetary Fund, Washington, DC USA
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Related research

Keywords: Welfare; Income distribution; Health care; life expectancy; hiv/aids; mortality rates; hiv; prevalence rate; unaids; census; age group; working-age population; mortality by age; birth; demographic indicators; world health organization; survival rates; mortality rate; birth rates; aids economics; age groups; demography; gains in life expectancy; aids pandemic; life expectancy at birth; demographic studies; cause of death; global hiv/aids; demographic data; population increases; demographic assumptions; infant mortality; demographic projections; mortality increases; age pattern; low prevalence; demographic trends;

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Cited by:
  1. Sanghamitra Das & Abhiroop Mukhopadhyay & Tridip Ray, 2008. "Negative reality of the HIV positives: Evaluating welfare loss in a low prevalence country," Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers 08-02, Indian Statistical Institute, New Delhi, India.
  2. David Canning, 2006. "The Economics of HIV/AIDS in Low-Income Countries: The Case for Prevention," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 121-142, Summer.
  3. Matías Vernengo, 2007. "Monetary Policies for an MDG-Related Scaling up of ODA to Combat HIV/AIDS:Avoiding Dutch Disease Versus Supporting Fiscal Expansion," Conference Paper 2, International Policy Centre for Inclusive Growth.
  4. Robert J. Brent, 2010. "A social cost-benefit criterion for evaluating Voluntary Counseling and Testing with an application to Tanzania," Health Economics, John Wiley & Sons, Ltd., vol. 19(2), pages 154-172.
  5. Nicholas Crafts, 2004. "The world economy in the 1990s: a long run perspective," Economic History Working Papers 22334, London School of Economics and Political Science, Department of Economic History.
  6. Dean Jamison & Prabhat Jha & David E. Bloom, 2008. "Disease Control," PGDA Working Papers 3508, Program on the Global Demography of Aging.

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