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Welfare Implications of HIV/AIDS

Author

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  • Mr. Markus Haacker
  • Mr. 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.

Suggested Citation

  • Mr. Markus Haacker & Mr. N. F. R. Crafts, 2003. "Welfare Implications of HIV/AIDS," IMF Working Papers 2003/118, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2003/118
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    Citations

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    Cited by:

    1. Dean Jamison & Prabhat Jha & David E. Bloom, 2008. "Disease Control," PGDA Working Papers 3508, Program on the Global Demography of Aging.
    2. Shaun M. Da Costa, 2020. "The impact of the Ebola crisis on mortality and welfare in Liberia," Health Economics, John Wiley & Sons, Ltd., vol. 29(12), pages 1517-1532, December.
    3. Shorish, Jamsheed, 2007. "Welfare Analysis of HIV/AIDS: Formulating and Computing a Continuous Time Overlapping Generations Policy Model," Economics Series 211, Institute for Advanced Studies.
    4. Sanghamitra Das & Abhiroop Mukhopadhyay & Tridip Ray, 2008. "Negative reality of the HIV positives: Evaluating welfare loss in a low prevalence country," Discussion Papers 08-02, Indian Statistical Institute, Delhi.
    5. Crafts, Nicholas, 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. 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.
    7. 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, February.
    8. Cagé, Julia, 2009. "Growth, Poverty Reduction and Governance in Developing Countries: a Survey," CEPREMAP Working Papers (Docweb) 0904, CEPREMAP.

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