ECONOMIC VALUATION OF MORTALITY-RISK REDUCTION: STATED PREFERENCE ESTIMATES FROM THE UNITED STATES AND CANADA.

Two internet-based surveys were conducted with adults aged 35 to 84-885 respondents in the United States and 641 respondents in Canada-to estimate willingness to pay (WTP) for reducing mortality risks through out-of-pocket costs for health-care programs. All respondents were asked a series of choice...

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Publicado en:Contemporary Economic Policy Vol. 30; no. 3; pp. 399 - 417
Autores principales: CHESTNUT, LAURAINE G., ROWE, ROBERT D., BREFFLE, WILLIAM S.
Formato: Artículo
Publicado: Wiley-Blackwell Jul2012
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.1111/j.1465-7287.2011.00269.x
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        atl: ECONOMIC VALUATION OF MORTALITY-RISK REDUCTION: STATED PREFERENCE ESTIMATES FROM THE UNITED STATES AND CANADA.
      aug:
        au:
          CHESTNUT, LAURAINE G.
          ROWE, ROBERT D.
          BREFFLE, WILLIAM S.
        affil:
          Chestnut: Managing Economist, Stratus Consulting Inc., Boulder, CO. Phone 303 381 8000, Fax 303 381 8200, E-mail
          Rowe: Chairman of the Board, Stratus Consulting Inc., Boulder, CO. Phone 303 381 8000, Fax 303 381 8200, E-mail
          Breffle: Associate Professor of Natural Resource Economics, School of Business and Economics, Michigan Technological University, Houghton, MI. Phone 906 487 1959, Fax 906 487 2944, E-mail
      su:
        Canada
        United States
        Mortality
        Valuation
        Stated preference methods
        Willingness to pay
        Loss control
        Internet surveys
        Estimation theory
        Debit cards
      sug:
        subj:
          Mortality
          Canada
          United States
          All Other Professional, Scientific, and Technical Services
          Valuation
          Stated preference methods
          Willingness to pay
          Loss control
          Internet surveys
          Estimation theory
          Debit cards
      ab: Two internet-based surveys were conducted with adults aged 35 to 84-885 respondents in the United States and 641 respondents in Canada-to estimate willingness to pay (WTP) for reducing mortality risks through out-of-pocket costs for health-care programs. All respondents were asked a series of choice questions followed by a payment-card question. Causes of death included cancer and heart attack. Levels of annual mortality-risk reduction were 1, 2, and 5 in 10,000. Converted to values of statistical life, results were in the range of $4-5 million (2002 U.S. dollars) for the choice-question results for a 2-in-10,000 annual risk reduction for illness-related mortality. U.S. and Canadian results were similar. The payment-card results were about 50% lower than the choice-question results. WTP to reduce mortality risk was essentially the same for cancer and heart attack. The results showed WTP weakly increasing with age, and no evidence of lower WTP for older adults versus middle-aged adults. ( JEL Q51)
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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