Willingness to Pay for Mortality Risk Reductions: Does Latency Matter?

Arbeitspapier

Using results from two contingent valuation surveys conducted in Canada and the U.S., we explore the effect of a latency period on willingness to pay (WTP) for reduced mortality risk using both structural and reduced form approaches. We find that delaying the time at which the risk reduction occurs by 10 to 30 years reduces WTP by more than half for respondents in both samples aged 40 to 60 years. Additionally, we estimate implicit discount rates equal to 8% for Canada and 4.5% for the U.S. – both well within the range established previously in the literature.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Nota di Lavoro ; No. 53.2004

Classification and Topics

• Classification: Wirtschaft ; Valuation of Environmental Effects ; Environmental Economics: Government Policy
• Subject: Value of a statistical life ; Mortality risks ; Benefit-cost analyris ; Gesundheit ; Zahlungsbereitschaftsanalyse ; Sterblichkeit ; Vergleich ; USA ; Kanada

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Alberini, Anna ; Cropper, Maureen ; Krupnick, Alan ; Simon, Nathalie B.
• Event: Veröffentlichung
• (who): Fondazione Eni Enrico Mattei (FEEM)
• (where): Milano
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/117932
• Last update: 10.03.2025, 11:43 AM CET