Age, Health and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents.

B-Tier
Journal: Journal of Risk and Uncertainty
Year: 2002
Volume: 24
Issue: 2
Pages: 161-86

Authors (7)

Krupnick, Alan (Resources for the Future (RFF)) Alberini, Anna (not in RePEc) Cropper, Maureen (not in RePEc) Simon, Nathalie (Government of the United State...) O'Brien, Bernie (not in RePEc) Goeree, Ron (not in RePEc) Heintzelman, Martin (Clarkson University)

Score contribution per author:

0.287 = (α=2.01 / 7 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We present the results of a contingent valuation survey eliciting willingness to pay (WTP) for mortality risk reductions. The survey was self-administered using a computer by 930 persons in Hamilton Ontario aged 40 to 75. Visual and audio aides were used to enhance risk comprehension. Mean WTP figures for a contemporaneous risk reduction imply a value of a statistical life of approximately C$l.2 to C$3.8 million (1999 C$). Mean WTP is constant with age up to 70 years, and is about 30 percent lower for persons aged 70 and older. WTP is unaffected by physical health status, but is affected by mental health. Copyright 2002 by Kluwer Academic Publishers

Technical Details

RePEc Handle
repec:kap:jrisku:v:24:y:2002:i:2:p:161-86
Journal Field
Theory
Author Count
7
Added to Database
2026-01-25