The value of life extension and the marginal rate of time preference: a pilot study

The aim of this paper is to introduce and test a new approach for the measurement of the marginal rate of time preference for life-years gained based on contingent valuation techniques. A simple binary willingness to pay question is administered in a general public sample of two age groups (34-5 years and 64-5 years). In this pilot study, the estimated marginal rate of time preference is 1.3%.

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Year of publication:	1997
Authors:	Johannesson, Magnus ; Johansson, Per-Olov
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 4.1997, 1, p. 53-55
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005435540