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  • 1
    Digitale Medien
    Digitale Medien
    On the Value of Changes in Life Expectancy: Blips Versus Parametric Changes (1997)
    Springer
    Journal of risk and uncertainty 15 (1997), S. 221-239 
    Details
    ISSN: 1573-0476
    Schlagwort(e): Willingness to pay ; insurance ; life expectancy ; statistical life ; aging
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Wirtschaftswissenschaften
    Notizen: Abstract We estimate the value of a ‘blip’, i.e. an immediate small reduction, in the hazard rate for a random sample of Swedes. Since the risk reduction is age-independent (2 ‘extra saved lives’ out of 10,000 during the next year), we can examine how the value of a statistical life varies with age. We also show how blip data can be used to obtain a lower bound for the value of a permanent change in an individual's hazard rate. The value of a life exhibits an inverted-U shape with respect to age, peaking at the age of 40, and lies within the $3 to $7 million interval where most reasonable estimates are clustered according to Viscusi's (1992) survey.
    Materialart: Digitale Medien
    URL: http://dx.doi.org/10.1023/A:1007705309543
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 2
    Digitale Medien
    Digitale Medien
    Welfare measurement and the health environment (1994)
    Springer
    Annals of operations research 54 (1994), S. 203-215 
    Details
    ISSN: 1572-9338
    Schlagwort(e): Evaluation of national product ; health environment ; JEL C82 ; 131 ; Q28
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Mathematik , Wirtschaftswissenschaften
    Notizen: Abstract An important issue in environmental economics is to augment the conventional net national product measure so as to cover changes in stocks of natural resources. In this paper, we show how to treat health (capital) effects in welfare measures caused by, for example, pollution. We also show the effects the risk of “doomsday” caused by pollution has on these measures. A Ramsey growth model enlarged with health capital and death risks is used to derive an augmented welfare measure. A way of solving the particular technical problem one faces when the death risk depends on a state variable (health capital) is also presented. This measure is contrasted with the conventional net national product measure. We also briefly discuss the welfare properties of a market economy when individuals invest in health capital but face a strictly positive death risk.
    Materialart: Digitale Medien
    URL: http://dx.doi.org/10.1007/BF02031734
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