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Terminal Care and The Value of Life Near Its End
Philipson, Tomas J. - 2010
Medical care at the end of life, estimated to contribute up to a quarter of US health care spending, often encounters skepticism from payers and policy makers who question its high cost and often minimal health benefits. However, though many observers have claimed that such spending is often...
Persistent link: https://www.econbiz.de/10012463001
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Altruism, Fertility, and the Value of Children : Health Policy Evaluation and Intergenerational Welfare
Birchenall, Javier A. - 2007
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 "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality...
Persistent link: https://www.econbiz.de/10012465820
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The Cost of Uncertain Life Span
Edwards, Ryan D. - 2008
A considerable amount of uncertainty surrounds life expectancy, the average length of life. The standard deviation in adult life span is about 15 years in the U.S., and theory and evidence suggest it is costly. I calibrate a utility-theoretic model of preferences over length of life and show...
Persistent link: https://www.econbiz.de/10012464552
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The Perception and Valuation of the Risks of Climate Change : A Rational and Behavioral Blend
Viscusi, W. Kip - 2005
was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e …, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk …
Persistent link: https://www.econbiz.de/10012466808
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Valuing Mortality Risk Reductions : Progress and Challenges
Cropper, Maureen L. - 2011
The value of mortality risk reduction is an important component of the benefits of environmental policies. In recent …
Persistent link: https://www.econbiz.de/10012461686
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Climate Sensitivity Uncertainty : When is Good News Bad?
Freeman, Mark C. - 2015
Climate change is real and dangerous. Exactly how bad it will get, however, is uncertain. Uncertainty is particularly relevant for estimates of one of the key parameters: equilibrium climate sensitivity--how eventual temperatures will react as atmospheric carbon dioxide concentrations double....
Persistent link: https://www.econbiz.de/10012457766
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Risk and Return in Environmental Economics
Pindyck, Robert S. - 2012
I examine the risk/return tradeoff for environmental investments, and its implications for policy choice. Consider a … risk? Using a simple model of a stock externality (e.g., temperature) that evolves stochastically, I examine the … combinations of risk and expected returns as policy objectives. Given cost estimates for reducing risk and increasing expected …
Persistent link: https://www.econbiz.de/10012460398
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Mortality Risk, Insurance, and the Value of Life
Bauer, Daniel - 2018
We develop a new framework for valuing health and longevity improvements that departs from conventional but unrealistic assumptions of full annuitization and deterministic health. Our framework can value the prevention of mortality and of illness, and it can quantify the effects of retirement...
Persistent link: https://www.econbiz.de/10012480708
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Roy Model Sorting and Non-Random Selection in the Valuation of a Statistical Life
DeLeire, Thomas - 2008
Wage-hedonics is used to recover the value of a statistical life by exploiting the fact that workers choosing riskier occupations will be compensated with a higher wage. However, Roy (1951) suggests that observed wage distributions will be distorted if individuals select into jobs according to...
Persistent link: https://www.econbiz.de/10012464284
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Complementarity and the Measurement of Individual Risk Tradeoffs : Accounting for Quantity and Quality of Life Effects
Evans, Mary F. - 2008
individual requires to accept increased occupational fatality risk. We derive a relationship between the value of a statistical … status or quality of life and anticipated longevity threats lead to significant differences in the estimated wage/risk … anticipated longevity threats, help to explain the diversity in past studies examining how the estimated wage-risk tradeoff …
Persistent link: https://www.econbiz.de/10012464924