Economists have long employed hedonic wage analysis to estimate income-fatality risk trade-offs, but some scholars have raised concerns about systematic measurement error and omitted variable bias in the empirical applications of this model. Recent studies have employed panel methods to remove...

The connection between violence victimization and long term ill-health is well documen­ted, but evidence is lacking on the causal effects of victimization beyond the time of the immediate injury. The aim of this study is to identify and estimate the longer term consequences of interpersonal...

Assuming individual preferences satisfy the Von Neumann-Morgenstern axioms for expected utility we show how we can measure an individual's expected utility of any state using their willingness to accept a gamble over two reference points. The utility function captures the diminishing marginal...

Although the attitude towards death was central to Stoic philosophy, economists studying the value of life paid little attention to Stoicism. The goal of this paper is to build an analytical bridge between Stoicism and the economic study of the value of life. We use writings of Epictetus, Seneca...

We study socially vs. individually optimal lifecycle allocations of consumption and health care, when individual health expenditure curbs own mortality but also has a spillover effect on other persons' survival. Such spillovers arise, for instance, when health care activity at aggregate level...

The aspects of environment's protection play double role in determining human's health- direct which was illustrated, by among others, Lalonde in his concept called the fields of health and indirect by being part of a methodology used in health economics. Improving quality of air, reducing its'...