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Altruism, fertility, and the value of children: Health policy evaluation and intergenerational welfare

Listed author(s):
  • Birchenall, Javier A.
  • Soares, Rodrigo R.

This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the evaluation of current policies. Our model clarifies a series of puzzles from the literature on the "value of life" and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis of the recent U.S. experience, the estimated welfare gain of a young adult from reductions in mortality easily doubles.

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File URL: http://www.sciencedirect.com/science/article/pii/S0047-2727(08)00115-1
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Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 93 (2009)
Issue (Month): 1-2 (February)
Pages: 280-295

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Handle: RePEc:eee:pubeco:v:93:y:2009:i:1-2:p:280-295
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505578

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  9. Dickie, Mark & Messman, Victoria L., 2004. "Parental altruism and the value of avoiding acute illness: are kids worth more than parents?," Journal of Environmental Economics and Management, Elsevier, vol. 48(3), pages 1146-1174, November.
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  20. Gary S. Becker & Tomas J. Philipson & Rodrigo R. Soares, 2005. "The Quantity and Quality of Life and the Evolution of World Inequality," American Economic Review, American Economic Association, vol. 95(1), pages 277-291, March.
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  32. repec:pri:cheawb:deaton_healthglobalage is not listed on IDEAS
  33. repec:pri:rpdevs:deaton_healthglobalage is not listed on IDEAS
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