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adults’ willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the … gain from recent reductions in mortality in the U.S. easily doubles. …
Persistent link: https://www.econbiz.de/10011807361
Motivated by a recent demographic study establishing a link between macroeconomic fluctuations and the mortality index … company. Liabilities in our stochastic simulation framework are driven by a GDP-linked variant of the Lee-Carter mortality … stochastic process. Our results show that insolvency probabilities are significantly higher when the reaction of mortality rates …
Persistent link: https://www.econbiz.de/10010265671
Valuing a change in the risk of death is a key input into the calculation of the benefits of environmental policies that save lives. Typically such risks are monetized using the Value of a Statistical Life (VSL). Because the majority of the lives saved by environmental policies are those of...
Persistent link: https://www.econbiz.de/10011324986
contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of …
Persistent link: https://www.econbiz.de/10011325006
Persistent link: https://www.econbiz.de/10013342519
This paper studies a problem of non linear taxation when individuals have different longevities resulting from a non-monetary effort (like exercising). We first present the laissez-faire and the first best. Like Becker and Philipson (1998), we find that the laissez-faire level of effort is too...
Persistent link: https://www.econbiz.de/10010264575
We find that a discount rate of 3.8% allows us to derive the schedule of value of life years in Murphy and Topel [2006] from their schedule of value of remaining years of life, this latter presumably being based on a value of statistical life of $6.3 million. We draw on the Makeham function for...
Persistent link: https://www.econbiz.de/10010290323
We back out an estimate of a personal discount rate of between 3 and 4 percent for a person with a life expectancy of 74 years who dies at age 30 (or 40) and has a value of statistical life of $6.3 million. Central to these calculations is the series generated by Murphy and Topel of value of...
Persistent link: https://www.econbiz.de/10010290344
discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality …
Persistent link: https://www.econbiz.de/10010260809
In jüngster Vergangenheit hat die Versicherungswirtschaft einen grundlegenden Wandel durchlaufen. Deregulierung, Globalisierung sowie Substitutionskonkurrenz führten zu einem verschärften Wettbewerb um Marktanteile bei sinkenden Gewinnmargen. Aufgrund dieser neuen Wettbewerbsdynamik und den...
Persistent link: https://www.econbiz.de/10010262915