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mortality costs to smokers indicates a personal mortality cost on the order of $200 per pack for men and $100 for women using a … 3 percent discount rate, but based on smokers' rates of time preference the costs are reduced by about an order of …
Persistent link: https://www.econbiz.de/10014217857
Examination of estimates of the income elasticity of the value of a statistical life based on international stated preference studies yields an average between 0.94 and 1.05 overall and 0.65 and 0.80 after controlling for covariates. Quantile regression estimates indicate that the income...
Persistent link: https://www.econbiz.de/10012926943
current citizens are willing to pay to reduce mortality risks. Although the VSL is commonly used in policymaking today, there … costs for citizens in excess of their promised benefits. Using a more accurate assessment of the value of life would likely …
Persistent link: https://www.econbiz.de/10012829895
U.S. labor market estimates of the value of a statistical life (VSL) were the first revealed preference estimates of the VSL in the literature and continue to constitute the majority of such market estimates. The VSL estimates in U.S. studies consequently may have established a reference point...
Persistent link: https://www.econbiz.de/10012965813
mortality. The economy consists of two sectors: final goods production and a health care sector, selling medical services to … individuals. Individuals demand health care with a view to lowering mortality over their life-cycle. We derive the age …
Persistent link: https://www.econbiz.de/10011437147
incident. The results suggest that violent crime has large and persistent effects on mortality, suicide, earnings, work status … more than 80 percent result from excess mortality. Estimates on socio-economic outcomes show robustness against selection … on unobserved characteristics. Estimates on mortality and suicides are very robust. …
Persistent link: https://www.econbiz.de/10011796173
Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life expectancy, and the value of life. We set up a a life cycle...
Persistent link: https://www.econbiz.de/10011388100
willingness to pay for reduced mortality for different age groups. I find a significant inverted-U shape to the age-VSL function …
Persistent link: https://www.econbiz.de/10012927439
Aging humans adapt to their worsening state of health and old people are usually happier than estimated by young individuals. In this paper we investigate how adaptation to a deteriorating state of health affects health spending, life expectancy, and the value of life. We set up a a life cycle...
Persistent link: https://www.econbiz.de/10013011234
The present study examines whether the Preston curve reflects a causal impact of income on longevity or, for example, factors correlated with both income and life expectancy. In order to understand the Preston curve better, we develop a model of optimal intertemporal consumption in which the...
Persistent link: https://www.econbiz.de/10014184900