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Economic Uncertainties in Valuing Reductions in Children's Environmental Health Risks
Krupnick, Alan; Hoffmann, Sandra; Adamowicz, Wictor - 2005
The recognition that environmental hazards can affect children differently and more severely than adults has provoked growing concern in industrialized nations about the impact of environmental pollution on children’s health. In this paper, commissioned by the OECD, we are charged with...
Persistent link: https://www.econbiz.de/10005442377
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Heterogeneity in the Value of Life
Aldy, Joseph E.; Smyth, Seamus J. - 2014
We develop a numerical life-cycle model -- with choice over consumption and leisure, stochastic mortality and labor income processes, and calibrated to U.S. data -- to characterize willingness to pay (WTP) for mortality risk reduction. Our theoretical framework can explain many empirical...
Persistent link: https://www.econbiz.de/10010775435
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Labor Market Estimates of the Senior Discount for the Value of Statistical Life
Viscusi, W. Kip; Aldy, Joseph - 2006
This article develops the first measures of age-industry job risks to examine the age variations in the value of statistical life. Because of the greater risk vulnerability of older workers, they face flatter wage-risk gradients than younger workers, which we show to be the case empirically....
Persistent link: https://www.econbiz.de/10005442391
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Adjusting the Value of a Statistical Life for Age and Cohort Effects
Aldy, Joseph E.; Viscusi, W. Kip - 2006
To resolve the theoretical ambiguity in the effect of age on the value of statistical life (VSL), this article uses a novel, age-dependent fatal risk measure to estimate age-specific hedonic wage regressions. VSL exhibits an inverted-U shaped relationship with age. In the year 2000...
Persistent link: https://www.econbiz.de/10005442448
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Age Differences in the Value of Statistical Life: Revealed Preference Evidence
Aldy, Joseph E.; Viscusi, W. Kip - 2007
Revealed preference evidence, especially based on wage-risk tradeoffs in the labor market, provides the primary empirical basis for analyses of the value of statistical life (VSL). This market evidence also provides guidance on how VSL varies with age. While labor market studies have generated...
Persistent link: https://www.econbiz.de/10005442468
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Morbidity Valuation with a Cessation Lag: Choice Experiments for Public- and Private-Goods Contexts in Japan
Itaoka, Kenshi; Krupnick, Alan; Saito, Ava; Akai, Makoto - 2007
altruism on the rate of time preference, as well as on willingness to pay for illness risk reduction. For instance, respondents …
Persistent link: https://www.econbiz.de/10005442427
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Does the Value of a Statistical Life Vary with Age and Health Status? Evidence from the United States and Canada
Krupnick, Alan; Cropper, Maureen; Alberini, Anna; … - 2002
Much of the justification for environmental rulemaking rests on estimates of the benefits to society of reduced mortality rates. Yet the literature providing estimates of the willingness to pay (WTP) for mortality risk reductions measures the value that healthy, prime-aged adults place on...
Persistent link: https://www.econbiz.de/10005138488
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Age, Health, and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey in Japan
Krupnick, Alan; Alberini, Anna; Simon, Nathalie; … - 2005
A contingent valuation survey was conducted in Sizuoka, Japan, to estimate the willingness to pay (WTP) for reductions in the risk of dying and calculate the value of statistical life (VSL) for use in environmental policy in Japan. Special attention was devoted to the effects of age and health...
Persistent link: https://www.econbiz.de/10005442439
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Altruist talk may (also) be cheap: Revealed versus stated altruism as a predictor in stated preference studies
Iversen, Endre Kildal; Grimsrud, Kristine M.; Mitani, Yohei - 2021
surveys. However, studies analysing the effect of altruism on willingness to pay (WTP) have underappreciated the challenges in … measuring altruism by the stated measures typically used. Instead, we exploit a naturally occurring decision domain to … investigate the role of altruism in SP. We make use of an Internet survey company's data on respondents' donations of earned …
Persistent link: https://www.econbiz.de/10012801100
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The paradox of the unhappy, growing city: Reconciling evidence
Carlsen, Fredrik; Leknes, Stefan - 2019
This paper attempts to explain why large cities tend to score low on indices of happiness/life satisfaction, while at the same time experiencing population growth. Using Norwegian survey and register data, we show that different population segments are behind these seemingly contradictory...
Persistent link: https://www.econbiz.de/10012145543