全球智库信息集成服务系统(G2TT): Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving: A Numerical Analysis

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w10759
来源ID	Working Paper 10759
	Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving: A Numerical Analysis
	Isaac Ehrlich; Yong Yin
发表日期	2004-09-13
出版年	2004
语种	英语
摘要	Little attempt has been made so far to quantify the extent to which individual willingness to spend on life protection may account for the observed trends and diversities in agespecific life expectancies across individuals and over time. We address these issues via calibrated simulations of a dynamic, life-cycle model of life protection in which life's end is a stochastic event, age-specific mortality risks are endogenous variables, and spending on life protection is set jointly with related insurance options: life insurance as well as annuities. A unique feature of our model is that it links age-specific mortality risks and implicit private values-of-life-saving (VLS) as "dual variables", and estimates them jointly. It also offers new insights about the concept and measurement of VLS. Life protection is estimated to have a non-negligible impact on age-specific life expectancies. It can account for significant portions of observed inequalities in life expectancies across population groups and over time, as well as for a wide range of empirical estimates of VLS produced via the conventional "willingness to pay" approach.
主题	Microeconomics ; Mathematical Tools ; Economics of Information ; Health, Education, and Welfare ; Health
URL	https://www.nber.org/papers/w10759
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/568391
推荐引用方式 GB/T 7714	Isaac Ehrlich,Yong Yin. Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving: A Numerical Analysis. 2004.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w10759.pdf（611KB）	智库出版物		限制开放	CC BY-NC-SA	浏览