Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare*

Javier Birchenall and Rodrigo Soares

No 537, Textos para discussão from Department of Economics PUC-Rio (Brazil)

Abstract: This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a “value of life” type of framework. We are able to express adults’ willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the evaluation of current policies. Our model clarifies a series of puzzles from the literature on the “value of life” and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare gain from recent reductions in mortality in the U.S. easily doubles.

Keywords: value of life; mortality; fertility; altruism; intergenerational welfare; willingness to pay (search for similar items in EconPapers)
Pages: 32p
Date: 2007-01
New Economics Papers: this item is included in nep-hea
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http://www.econ.puc-rio.br/uploads/adm/trabalhos/files/td537.pdf (application/pdf)

Related works:
Journal Article: Altruism, fertility, and the value of children: Health policy evaluation and intergenerational welfare (2009)
Working Paper: Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare (2007)
Working Paper: Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:rio:texdis:537

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