全球智库信息集成服务系统(G2TT): Measuring How Risk Tradeoffs Adjust With Income

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w15372
来源ID	Working Paper 15372
	Measuring How Risk Tradeoffs Adjust With Income
	Mary F. Evans; V. Kerry Smith
发表日期	2009-09-24
出版年	2009
语种	英语
摘要	Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a statistical life (IEVSL) overlook important restrictions implied by a more complete description of the individual choice problem. We develop a more general model of the IEVSL that reconciles some of the observed discrepancies. Our framework describes how exogenous income shocks, such as unexpected medical expenditures, may affect labor supply decisions which in turn influence both the coefficient of relative risk aversion and the IEVSL. The presence of a consumption commitment, such as a home mortgage, also alters this labor supply adjustment. We use data from the Health and Retirement Study to explore the responsiveness of labor force exit decisions to spousal health shocks and the role of a home mortgage as a constraint on this response.
主题	Labor Economics ; Labor Compensation ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w15372
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/573047
推荐引用方式 GB/T 7714	Mary F. Evans,V. Kerry Smith. Measuring How Risk Tradeoffs Adjust With Income. 2009.

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
w15372.pdf（153KB）	智库出版物		限制开放	CC BY-NC-SA	浏览