Arbeitspapier
Discount Rates in Risk v. Money and Money v. Money Tradeoffs
We use data from a survey of residents of five Italian cities conducted in late Spring 2004 to estimate the discount rates implicit in (a) money v. future risk reductions and (b) money v. money tradeoffs. We find that the mean personal discount rate is 2% in (a) and 8.7% in (b). The latter is lower than the discount rates estimated in comparable situations in many recent studies, greater than market interest rates in Italy at the time, and exhibits modest variation with age and gender. The discount rate implicit in money v. risk tradeoffs is in line with estimates from studies in the US and Europe, and does not depend on observable individual characteristics.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 8.2006
- Klassifikation
-
Wirtschaft
Value of Life; Forgone Income
Health: Government Policy; Regulation; Public Health
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Thema
-
Value of a statistical life
Latent risk reductions
Individual discount rates
Stated preference questions
Menschen
Bewertung
Abzinsung
Risiko
Italien
Wert des Lebens
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Alberini, Anna
Chiabai, Aline
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Alberini, Anna
- Chiabai, Aline
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2006