Arbeitspapier
The Willingness to Pay for Mortality Risk Reductions: A Comparison of the United States and Canada
We present results for two contingent valuation surveys conducted in Hamilton, Canada and the US to elicit WTP for mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930,000 to USD 4.8 million (2000 US dollars). WTP increases with risk reduction size, but varies little with respondent age: individuals aged over 70 years hold WTP values approximately one-third lower than other respondents. Respondent health status has limited effect on WTP. These results provide little or no evidence for adjusting VSL estimates used in policy analyses for the affected population's age or health status.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 668
- Classification
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Wirtschaft
- Subject
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value of a statistical life
mortality risks
benefit-cost analysis
- Event
-
Geistige Schöpfung
- (who)
-
Alberini, Anna
Krupnick, Alan
Cropper, Maureen
Simon, Nathalie
Cook, Joseph
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2002
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Alberini, Anna
- Krupnick, Alan
- Cropper, Maureen
- Simon, Nathalie
- Cook, Joseph
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2002
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