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Valuing Children’s Health and Life: What Does Economic Theory Say About Including Parental and Societal Willingness To Pay?

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Author Info
William T. Harbaugh () (University of Oregon Economics Department)

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Abstract

Governments can and do adopt many policies that will improve the health and reduce the mortality risks of children. Given this, estimates of the value of improvements in children’s health and reductions in their mortality risk are needed so that governments can rationally choose which of the many possible policies to adopt. These estimates should be based on an appropriate measure of value that is based on economic theory. This paper examines what economic theory has to say about what sorts of elements should be counted in that value, and how that value should then be used in decision-making.

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File URL: http://economics.uoregon.edu/papers/UO-2001-13_Harbaugh_Childrens_Health.pdf
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Publisher Info
Paper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2001-13.

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Length: 19
Date of creation: 01 Jun 2001
Date of revision: 01 Jun 2001
Handle: RePEc:ore:uoecwp:2001-13

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Postal: 1285 University of Oregon, 435 PLC, Eugene, OR 97403-1285
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Web page: http://economics.uoregon.edu/
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ted Bergstrom, 1995. "A Survey of Theories of the Family," University of California at Santa Barbara, Economics Working Paper Series 1995D, Department of Economics, UC Santa Barbara. [Downloadable!]
    Other versions:
  2. Jones-Lee, M W, 1991. " Altruism and the Value of Other People's Safety," Journal of Risk and Uncertainty, Springer, vol. 4(2), pages 213-19, April.
  3. Bruce, Neil & Waldman, Michael, 1991. "Transfers in Kind: Why They Can Be Efficient and Nonpaternalistic," American Economic Review, American Economic Association, vol. 81(5), pages 1345-51, December. [Downloadable!] (restricted)
    Other versions:
  4. Bruce, Neil & Waldman, Michael, 1990. "The Rotten-Kid Theorem Meets the Samaritan's Dilemma," The Quarterly Journal of Economics, MIT Press, vol. 105(1), pages 155-65, February. [Downloadable!] (restricted)
    Other versions:
  5. Ted Bergstrom, 1996. "Economics in a Family Way," University of California at Santa Barbara, Economics Working Paper Series 1996B, Department of Economics, UC Santa Barbara. [Downloadable!]
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  6. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January. [Downloadable!] (restricted)
  7. Ted Bergstrom, 1982. "When is a Man's Life Worth More Than His Human Capital?," University of California at Santa Barbara, Economics Working Paper Series 1982d, Department of Economics, UC Santa Barbara. [Downloadable!]
  8. Palfrey, Thomas R & Prisbrey, Jeffrey E, 1997. "Anomalous Behavior in Public Goods Experiments: How Much and Why?," American Economic Review, American Economic Association, vol. 87(5), pages 829-46, December. [Downloadable!] (restricted)
  9. Andreoni, James, 1988. "Privately provided public goods in a large economy: The limits of altruism," Journal of Public Economics, Elsevier, vol. 35(1), pages 57-73, February. [Downloadable!] (restricted)
  10. Jones-Lee, M W, 1992. "Paternalistic Altruism and the Value of Statistical Life," Economic Journal, Royal Economic Society, vol. 102(410), pages 80-90, January. [Downloadable!] (restricted)
  11. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August. [Downloadable!] (restricted)
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  12. Harbaugh, William T, 1998. "The Prestige Motive for Making Charitable Transfers," American Economic Review, American Economic Association, vol. 88(2), pages 277-82, May. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Krupnick, Alan & Alberini, Anna & Simon, Nathalie & Itaoka, Kenshi & Akai, Makoto & Cropper, Maureen, 2005. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey in Japan," Discussion Papers dp-05-34, Resources For the Future. [Downloadable!]
  2. Krupnick, Alan & Cropper, Maureen & Alberini, Anna & Heintzelman, Martin & Simon, Nathalie & O'Brien, Bernie & Goeree, Ron, 2000. "Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents," Discussion Papers dp-00-37, Resources For the Future. [Downloadable!]
  3. Strand.J., 2001. "Public- and private-good values of statistical lives : results from a combined choice-experiment and contingent-valuation survey," Memorandum 31/2001, Oslo University, Department of Economics. [Downloadable!]
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