Utility Functions That Depend on Health Status: Estimates and Economic Implications.

S-Tier
Journal: American Economic Review
Year: 1990
Volume: 80
Issue: 3
Pages: 353-74

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

Taylor's series and logarithmic estimates of health state-dependent utility functions both imply that job injuries reduce one's utility and marginal utility of income, thus rejecting the monetary loss equivalent formulation. Injury valuations have unitary income elasticity, and the valuation of nonincremental risk changes and effects of base risks follow economic predictions. Copyright 1990 by American Economic Association.

Technical Details

RePEc Handle
repec:aea:aecrev:v:80:y:1990:i:3:p:353-74
Journal Field
General
Author Count
2
Added to Database
2026-01-25