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Monetary valuation of cardiovascular disease in Canada

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  • Ehsan Latif

Abstract

The study estimated a well-being function to determine how much monetary value individuals assign for cardiovascular disease in Canada. The study found that the calculated compensating income variation is $33,701, suggesting that an individual is required to be paid this amount to compensate for the loss in well-being due to cardiovascular disease. The study further shows that the compensating income variation is higher for women than for men. The study also finds that compensating income variation decreases with age. Â

Suggested Citation

  • Ehsan Latif, 2012. "Monetary valuation of cardiovascular disease in Canada," Economics and Business Letters, Oviedo University Press, vol. 1(1), pages 46-52.
    • Handle: RePEc:ove:journl:aid:9224
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/9224
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    References listed on IDEAS

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    2. Howley, Peter, 2017. "Less money or better health? Evaluating individual’s willingness to make trade-offs using life satisfaction data," Journal of Economic Behavior & Organization, Elsevier, vol. 135(C), pages 53-65.
    3. Howley, P., 2016. "Valuing the benefits from health care interventions using life satisfaction data," Health, Econometrics and Data Group (HEDG) Working Papers 16/01, HEDG, c/o Department of Economics, University of York.

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