Based on the aggregation of individual willingness-to-pay for a statistical life, we calibrate an intertemporal optimization model to determine the aggregate welfare losses from HIV/AIDS in 25 Eastern European countries. Assuming a discount rate of three percent, we find a total welfare loss for...

This paper is part of the project European Integration, Financial Systems and Corporate Performance (EIFC) carried out within the European Commission s specific programme Improving the Human Research Potential and the Socio-Economic Knowledge Base . Financial support from the European Union, DG...