| 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 |
| URL | http://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。 | |||||
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