G2TT
来源类型Working Paper
规范类型论文
Heterogeneity in the Value of Life
Joseph E. Aldy; Seamus J. Smyth
发表日期2014-05-21
出版年2014
页码DP 14-13
语种英语
摘要We develop a numerical life-cycle model with choice over consumption and leisure, stochastic mortality and labor income processes, and calibrated to U.S. data – to characterize willingness to pay (WTP) for mortality risk reduction. Our theoretical framework can explain many empirical findings in this literature, including an inverted-U life-cycle WTP and an order of magnitude difference in prime-aged adults WTP. By endogenizing leisure and employing multiple income measures, we reconcile the literature's large variation in estimated income elasticities. By accounting for gender- and race-specific stochastic mortality and income processes, we explain the literature's black-white and female-male differences.
主题Air Quality
子主题Benefit-Cost Analysis ; Clean Air Act ; Valuation ; Value of Statistical Life
URLhttp://www.rff.org/research/publications/heterogeneity-value-life
来源智库Resources for the Future (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/41303
推荐引用方式
GB/T 7714
Joseph E. Aldy,Seamus J. Smyth. Heterogeneity in the Value of Life. 2014.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Joseph E. Aldy]的文章
[Seamus J. Smyth]的文章
百度学术
百度学术中相似的文章
[Joseph E. Aldy]的文章
[Seamus J. Smyth]的文章
必应学术
必应学术中相似的文章
[Joseph E. Aldy]的文章
[Seamus J. Smyth]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。