Valuing Health Risk Changes Using a Life-Cycle Consumption Framework
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.280899
Download full text from publisher
References listed on IDEAS
- Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
- Anna Alberini & Alistair Hunt & Anil Markandya, 2006.
"Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(2), pages 251-264, February.
- Anna Alberini & Alistair Hunt & Anil Markandya, 2004. "Willingness to Pay to Reduce Mortality Risks: Evidence from a Three-Country Contingent Valuation Study," Working Papers 2004.111, Fondazione Eni Enrico Mattei.
- Joseph E. Aldy & W. Kip Viscusi, 2008.
"Adjusting the Value of a Statistical Life for Age and Cohort Effects,"
The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 573-581, August.
- Aldy, Joseph E. & Viscusi, W. Kip, 2006. "Adjusting the Value of a Statistical Life for Age and Cohort Effects," RFF Working Paper Series dp-06-19, Resources for the Future.
- W. Viscusi, 2010. "The heterogeneity of the value of statistical life: Introduction and overview," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 1-13, February.
- Itaoka, Kenshi & Krupnick, Alan J. & Akai, Makoto & Alberini, Anna & Cropper, Maureen L. & Simon, Nathalie B., 2005.
"Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey in Japan,"
Discussion Papers
10829, Resources for the Future.
- 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," RFF Working Paper Series dp-05-34, Resources for the Future.
- Mark Yuying An, 1996.
"Semiparametric Estimation of Willingness to Pay Distributions,"
Econometrics
9611001, University Library of Munich, Germany.
- An, Mark Yuying, 1996. "Semiparametric Estimation of Willingness to Pay Distributions," Working Papers 96-20, Duke University, Department of Economics.
- Joseph E. Aldy & W. Kip Viscusi, 2007.
"Age Differences in the Value of Statistical Life: Revealed Preference Evidence,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 1(2), pages 241-260, Summer.
- Aldy, Joseph E. & Viscusi, W. Kip, 2007. "Age Differences in the Value of Statistical Life: Revealed Preference Evidence," RFF Working Paper Series dp-07-05, Resources for the Future.
- Ng, Yew-Kwang, 1992. "Do individuals optimize in intertemporal consumption/savings decisions? A liberal method to encourage savings," Journal of Economic Behavior & Organization, Elsevier, vol. 17(1), pages 101-114, January.
- James Hammitt & Jin-Tan Liu, 2004.
"Effects of Disease Type and Latency on the Value of Mortality Risk,"
Journal of Risk and Uncertainty, Springer, vol. 28(1), pages 73-95, January.
- Jin-Tan Liu & James K. Hammitt, 2003. "Effects of Disease Type and Latency on the Value of Mortality Risk," NBER Working Papers 10012, National Bureau of Economic Research, Inc.
- Orazio P. Attanasio & Guglielmo Weber, 2010.
"Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy,"
Journal of Economic Literature, American Economic Association, vol. 48(3), pages 693-751, September.
- Orazio P. Attanasio & Guglielmo Weber, 2010. "Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy," NBER Working Papers 15756, National Bureau of Economic Research, Inc.
- Alberini, Anna & Cropper, Maureen & Krupnick, Alan & Simon, N.B.Nathalie B., 2004. "Does the value of a statistical life vary with age and health status? Evidence from the US and Canada," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 769-792, July.
- Leeth, John D & Ruser, John, 2003. "Compensating Wage Differentials for Fatal and Nonfatal Injury Risk by Gender and Race," Journal of Risk and Uncertainty, Springer, vol. 27(3), pages 257-277, December.
- Eeckhoudt, Louis R & Hammitt, James K, 2001. "Background Risks and the Value of a Statistical Life," Journal of Risk and Uncertainty, Springer, vol. 23(3), pages 261-279, November.
- Viscusi, W Kip, 2003. "Racial Differences in Labor Market Values of a Statistical Life," Journal of Risk and Uncertainty, Springer, vol. 27(3), pages 239-256, December.
- An, Mark Y. & Roberto Ayala, 1995.
"A Mixture Model of Willingness to Pay Distributions,"
Working Papers
95-21, Duke University, Department of Economics.
- Mark Yuying An & Roberto Ayala, 1996. "A Mixture Model of Willingness to Pay Distributions," Econometrics 9611002, University Library of Munich, Germany.
- Harrington, Winston & Portney, Paul R., 1987. "Valuing the benefits of health and safety regulation," Journal of Urban Economics, Elsevier, vol. 22(1), pages 101-112, July.
- Kniesner Thomas J & Viscusi W. Kip & Ziliak James P, 2006.
"Life-Cycle Consumption and the Age-Adjusted Value of Life,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-36.
- Kniesner Thomas J & Viscusi W. Kip & Ziliak James P, 2006. "Life-Cycle Consumption and the Age-Adjusted Value of Life," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-36, January.
- Thomas J. Kniesner & James P. Ziliak & W. Kip Viscusi, 2004. "Life-Cycle Consumption and the Age-Adjusted Value of Life," NBER Working Papers 10266, National Bureau of Economic Research, Inc.
- Brouwer, Roy & Bateman, Ian J., 2005. "Benefits transfer of willingness to pay estimates and functions for health-risk reductions: a cross-country study," Journal of Health Economics, Elsevier, vol. 24(3), pages 591-611, May.
- Mary F. Evans & V. Kerry Smith, 2022.
"Complementary and the measurement of Individual Risk Tradeoffs: Accounting for Quantity and Quality of Life Effects,"
Chapters, in: The Economics of Environmental Risk, chapter 5, pages 77-96,
Edward Elgar Publishing.
- Mary Evans & V. Kerry Smith, 2008. "Complementarity and the Measurement of Individual Risk Tradeoffs: Accounting for Quantity and Quality of Life Effects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(3), pages 381-400, November.
- Mary F. Evans & V. Kerry Smith, 2008. "Complementarity and the Measurement of Individual Risk Tradeoffs: Accounting for Quantity and Quality of Life Effects," NBER Working Papers 13722, National Bureau of Economic Research, Inc.
- Kevin M. Murphy & Robert H. Topel, 2006.
"The Value of Health and Longevity,"
Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 871-904, October.
- Kevin M. Murphy & Robert H. Topel, 2005. "The Value of Health and Longevity," NBER Working Papers 11405, National Bureau of Economic Research, Inc.
- Anna Alberini & Milan Ščasný, 2011.
"Context and the VSL: Evidence from a Stated Preference Study in Italy and the Czech Republic,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(4), pages 511-538, August.
- Alberini, Anna & Scasny, Milan, 2010. "Context and the VSL: Evidence from a Stated Preference Study in Italy and the Czech Republic," Sustainable Development Papers 90952, Fondazione Eni Enrico Mattei (FEEM).
- Anna Alberini & Milan Šcasný, 2010. "Context and the VSL: Evidence from a Stated Preference Study in Italy and the Czech Republic," Working Papers 2010.66, Fondazione Eni Enrico Mattei.
- Broome,John, 1999.
"Ethics out of Economics,"
Cambridge Books,
Cambridge University Press, number 9780521642750, Enero-Abr.
- Broome,John, 1999. "Ethics out of Economics," Cambridge Books, Cambridge University Press, number 9780521644914, Enero-Abr.
- Guang-Zhen Sun & Yew-Kwang Ng, 2009. "The age-dependent value of time: a life cycle analysis," Journal of Economics, Springer, vol. 97(3), pages 233-250, July.
- V. Kerry Smith & George Van Houtven & Subhrendu K. Pattanayak, 2002. "Benefit Transfer via Preference Calibration: "Prudential Algebra" for Policy," Land Economics, University of Wisconsin Press, vol. 78(1), pages 132-152.
- Rachel Baker & Susan Chilton & Michael Jones-Lee & Hugh Metcalf, 2008. "Valuing lives equally: Defensible premise or unwarranted compromise?," Journal of Risk and Uncertainty, Springer, vol. 36(2), pages 125-138, April.
- Moeltner, Klaus & Boyle, Kevin J. & Paterson, Robert W., 2007. "Meta-analysis and benefit transfer for resource valuation-addressing classical challenges with Bayesian modeling," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 250-269, March.
- Anna Alberini & Alan Krupnick, 2000. "Cost-of-Illness and Willingness-to-Pay Estimates of the Benefits of Improved Air Quality: Evidence from Taiwan," Land Economics, University of Wisconsin Press, vol. 76(1), pages 37-53.
- Smith, V. Kerry & Pattanayak, Subhrendu K. & Van Houtven, George L., 2006. "Structural benefit transfer: An example using VSL estimates," Ecological Economics, Elsevier, vol. 60(2), pages 361-371, December.
- Khwaja, Ahmed, 2010. "Estimating willingness to pay for medicare using a dynamic life-cycle model of demand for health insurance," Journal of Econometrics, Elsevier, vol. 156(1), pages 130-147, May.
- Ehrlich, Isaac, 2000. "Uncertain lifetime, life protection, and the value of life saving," Journal of Health Economics, Elsevier, vol. 19(3), pages 341-367, May.
- Donald S. Shepard & Richard J. Zeckhauser, 1984. "Survival versus Consumption," Management Science, INFORMS, vol. 30(4), pages 423-439, April.
- Pratt, John W & Zeckhauser, Richard J, 1996. "Willingness to Pay and the Distribution of Risk and Wealth," Journal of Political Economy, University of Chicago Press, vol. 104(4), pages 747-763, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Stephen C. Newbold, 2011. "Valuing Health Risk Changes Using a Life-Cycle Consumption Framework," NCEE Working Paper Series 201103, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Apr 2011.
- James K. Hammitt, 2020.
"Valuing mortality risk in the time of COVID-19,"
Journal of Risk and Uncertainty, Springer, vol. 61(2), pages 129-154, October.
- Hammitt, James K., 2020. "Valuing mortality risk in the time of covid-19," TSE Working Papers 20-1115, Toulouse School of Economics (TSE).
- Antoine Bommier & Bertrand Villeneuve, 2012.
"Risk Aversion and the Value of Risk to Life,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(1), pages 77-104, March.
- Antoine Bommier & Bertrand Villeneuve, 2004. "Risk Aversion and the Value of Risk to Life," CESifo Working Paper Series 1267, CESifo.
- Antoine Bommier & Bertrand Villeneuve, 2010. "Risk Aversion and the Value of Risk to Life," CER-ETH Economics working paper series 10/133, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Antoine Bommier & Bertrand Villeneuve, 2012. "Risk Aversion and the Value of Risk to Life," Post-Print hal-01685924, HAL.
- Bommier, Antoine & Villeneuve, Bertrand, 2008. "Risk Aversion and the Value of Risk to Life," MPRA Paper 11943, University Library of Munich, Germany.
- Henrik Andersson & Nicolas Treich, 2011.
"The Value of a Statistical Life,"
Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 17,
Edward Elgar Publishing.
- Andersson, Henrik & Treich, Nicolas, 2008. "The Value of a Statistical Life," Working Papers 2008:1, Swedish National Road & Transport Research Institute (VTI).
- Henrik Andersson, 2020. "The value of a statistical life," Post-Print hal-03610216, HAL.
- Andersson, Henrik & Treich, Nicolas, 2009. "The Value of a Statistical Life," TSE Working Papers 09-015, Toulouse School of Economics (TSE).
- ANDERSSON Henrik & TREICH Nicolas, 2009. "The Value of a Statistical Life," LERNA Working Papers 09.04.280, LERNA, University of Toulouse.
- James K. Hammitt, 2023.
"Consistent valuation of a reduction in mortality risk using values per life, life year, and quality‐adjusted life year,"
Health Economics, John Wiley & Sons, Ltd., vol. 32(9), pages 1964-1981, September.
- James K. Hammitt, 2023. "Consistent Valuation of a Reduction in Mortality Risk using Values per Life, Life Year, and Quality-Adjusted Life Year," Post-Print hal-04164993, HAL.
- Hammitt, James K., 2023. "Consistent Valuation of a Reduction in Mortality Risk using Values per Life, Life Year, and Quality-Adjusted Life Year," TSE Working Papers 23-1431, Toulouse School of Economics (TSE).
- Cameron, Trudy Ann & DeShazo, J.R., 2013. "Demand for health risk reductions," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 87-109.
- Anna Alberini, 2017. "Measuring the economic value of the effects of chemicals on ecological systems and human health," OECD Environment Working Papers 116, OECD Publishing.
- Maureen Cropper & James K. Hammitt & Lisa A. Robinson, 2011.
"Valuing Mortality Risk Reductions: Progress and Challenges,"
Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 313-336, October.
- Maureen L. Cropper & James K. Hammitt & Lisa A. Robinson, 2011. "Valuing Mortality Risk Reductions: Progress and Challenges," NBER Working Papers 16971, National Bureau of Economic Research, Inc.
- Cropper, Maureen & Hammitt, James & Robinson, Lisa, 2011. "Valuing Mortality Risk Reductions:Progress and Challenges," LERNA Working Papers 11.11.345, LERNA, University of Toulouse.
- Cropper, Maureen & Hammitt, James K. & Robinson, Lisa A., 2011. "Valuing Mortality Risk Reductions: Progress and Challenges," RFF Working Paper Series dp-11-10, Resources for the Future.
- Henrik Andersson & James Hammitt & Gunnar Lindberg & Kristian Sundström, 2013.
"Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(3), pages 437-456, November.
- Andersson, Henrik & Hammitt, James K. & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," TSE Working Papers 11-271, Toulouse School of Economics (TSE).
- Andersson, Henrik & Hammitt, James & Lindberg, Gunnar & Sundström, Kristian, 2011. "Willingness to Pay and Sensitivity to Time Framing: A Theoretical Analysis and an Application on Car Safety," LERNA Working Papers 11.20.354, LERNA, University of Toulouse.
- Patrick Carlin & Brian E. Dixon & Kosali I. Simon & Ryan Sullivan & Coady Wing, 2022. "How Undervalued is the Covid-19 Vaccine? Evidence from Discrete Choice Experiments and VSL Benchmarks," NBER Working Papers 30118, National Bureau of Economic Research, Inc.
- Dennis Guignet & Anna Alberini, 2015. "Can Property Values Capture Changes in Environmental Health Risks? Evidence from a Stated Preference Study in Italy and the United Kingdom," Risk Analysis, John Wiley & Sons, vol. 35(3), pages 501-517, March.
- Lisa A. Robinson & James K. Hammitt, 2013.
"Behavioral economics and the conduct of benefit–cost analysis: towards principles and standards,"
Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 10, pages 317-363,
Edward Elgar Publishing.
- Robinson Lisa A & Hammitt James K., 2011. "Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(2), pages 1-51, April.
- Robinson, Lisa A. & Hammitt, James K., 2011. "Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(2), pages 1-51, April.
- Hammitt, James K. & Robinson, Lisa A., 2010. "Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards," TSE Working Papers 10-269, Toulouse School of Economics (TSE).
- Hammitt, James & Robinson, Lisa, 2010. "Behavioral Economics and the Conduct of Benefit-Cost Analysis: Towards Principles and Standards," LERNA Working Papers 11.02.336, LERNA, University of Toulouse.
- W. Kip Viscusi, 2009. "The devaluation of life," Regulation & Governance, John Wiley & Sons, vol. 3(2), pages 103-127, June.
- Andrea Leiter, 2011. "Age effects in monetary valuation of reduced mortality risks: the relevance of age-specific hazard rates," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 12(4), pages 331-344, August.
- James K. Hammitt & Tuba Tunçel, 2023.
"Monetary values of increasing life expectancy: Sensitivity to shifts of the survival curve,"
Journal of Risk and Uncertainty, Springer, vol. 67(3), pages 239-269, December.
- James K. Hammitt & Tuba Tunçel, 2023. "Monetary values of increasing life expectancy: sensitivity to shifts of the survival curve," Post-Print hal-04555955, HAL.
- Hammitt, James K. & Tuncel, Tuba, 2023. "Monetary values of increasing life expectancy: sensitivity to shifts of the survival curve," TSE Working Papers 23-1416, Toulouse School of Economics (TSE).
- Henrik Andersson, 2008.
"Willingness to Pay for Car Safety: Evidence from Sweden,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(4), pages 579-594, December.
- Andersson, Henrik, 2006. "Willingness to Pay for Car Safety: Evidence from Sweden," Working Papers 2006:7, Swedish National Road & Transport Research Institute (VTI).
- W. Viscusi, 2010. "The heterogeneity of the value of statistical life: Introduction and overview," Journal of Risk and Uncertainty, Springer, vol. 40(1), pages 1-13, February.
- Aldy, Joseph E. & Smyth, Seamus J., 2014.
"Heterogeneity in the Value of Life,"
RFF Working Paper Series
dp-14-13, Resources for the Future.
- Aldy, Joseph E. & Smyth, Seamus J., 2014. "Heterogeneity in the Value of Life," Working Paper Series rwp14-024, Harvard University, John F. Kennedy School of Government.
- Joseph E. Aldy & Seamus J. Smyth, 2014. "Heterogeneity in the Value of Life," NBER Working Papers 20206, National Bureau of Economic Research, Inc.
- Aldy, Joseph Edgar & Smyth, Seamus J, 2014. "Heterogeneity in the Value of Life," Scholarly Articles 23017248, Harvard Kennedy School of Government.
- Kip Viscusi, W. & Aldy, Joseph E., 2007.
"Labor market estimates of the senior discount for the value of statistical life,"
Journal of Environmental Economics and Management, Elsevier, vol. 53(3), pages 377-392, May.
- Viscusi, W. Kip & Aldy, Joseph, 2006. "Labor Market Estimates of the Senior Discount for the Value of Statistical Life," RFF Working Paper Series dp-06-12, Resources for the Future.
- Daniel Bauer & Darius Lakdawalla & Julian Reif, 2018. "Mortality Risk, Insurance, and the Value of Life," NBER Working Papers 25055, National Bureau of Economic Research, Inc.
More about this item
Keywords
Health Economics and Policy; Risk and Uncertainty;Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nceewp:280899. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nepgvus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.