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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 …
Persistent link: https://www.econbiz.de/10011409036
In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered … by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality … risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth …
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280 thousand depending on estimation strategy. Monetizing the mortality reductions with recent values of statistical life …
Persistent link: https://www.econbiz.de/10015394140
We study the impact of short-term exposure to ambient air pollution on the spread and severity of COVID-19 in Germany. We combine data on county-by-day level on confirmed cases and deaths with information on local air quality and weather conditions and exploit short-term variation in the...
Persistent link: https://www.econbiz.de/10012263327
mortality using an instrumental variable approach based on wind direction. Harnessing daily changes in county-level wind …
Persistent link: https://www.econbiz.de/10012298669
We study the effects of the largest adverse health shock in modern medicine - the 1918 influenza pandemic - on … subsequent shifts in health-related attitudes and behavior and future-oriented policies. Our analysis builds upon self … influenza leads to a decline in societal support for public health measures at the aggregate level, mainly triggered by deceased …
Persistent link: https://www.econbiz.de/10015407389
mortality ; non linear taxation ; value of life …
Persistent link: https://www.econbiz.de/10003813601