| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20206 |
| 来源ID | Working Paper 20206 |
| Heterogeneity in the Value of Life | |
| Joseph E. Aldy; Seamus J. Smyth | |
| 发表日期 | 2014-06-12 |
| 出版年 | 2014 |
| 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 | Microeconomics ; Behavioral Economics ; Labor Economics ; Demography and Aging ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w20206 |
| 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/577880 |
| 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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