Altruism, fertility, and the value of children : health policy evaluation and intergenerational welfare
Javier A. Birchenall; Rodrigo R. Soares
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the evaluation of current policies. Our model clarifies a series of puzzles from the literature on the "value of life" and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare gain from recent reductions in mortality in the U.S. easily doubles.
Year of publication: |
May 2007
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Other Persons: | Birchenall, Javier A. (contributor) ; Soares, Rodrigo Reis (contributor) |
Publisher: |
Bonn : IZA |
Subject: | Gesundheitspolitik | Health policy | Wert des Menschenlebens | Value of life | Kinder | Children | Bewertung | Evaluation | Altruismus | Altruism | Fertilität | Fertility | Generationengerechtigkeit | Intergenerational equity | Zahlungsbereitschaftsanalyse | Willingness to pay | Theorie | Theory |
Saved in:
freely available
Extent: | Online-Ressource, 31 S., Text graph. Darst. |
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Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. 2783 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Notes: | Systemvoraussetzungen: Acrobat Reader |
Other identifiers: | hdl:10419/34424 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10003594436