Willingness to pay for mortality risk reductions: Does latency matter?

Anna Alberini, Maureen L. Cropper (), Alan Krupnick () and Nathalie Simon ()

Journal of Risk and Uncertainty, 2006, vol. 32, issue 3, pages 231-245

Abstract: Using results from two contingent valuation surveys conducted in Canada and the U.S., we explore the effect of a latency period on willingness to pay (WTP) for reduced mortality risk using a structural model. We find that delaying the time at which the risk reduction occurs by 10 to 30 years reduces WTP by more than 60% for respondents in both samples aged 40 to 60 years. The implicit discount rates are equal to 3.0–8.6% for Canada and 1.3–5.6% for the U.S. Copyright Springer Science + Business Media, LLC 2006

Keywords: Value of a statistical life; Mortality risks; Benefit-cost analysis (search for similar items in EconPapers)
Date: 2006
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Related works:
Working Paper: Willingness to Pay for Mortality Risk Reductions: Does Latency Matter? (2004)
Working Paper: Willingness to Pay for Mortality Risk Reductions: Does Latency Matter? (2004)
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Persistent link: http://EconPapers.repec.org/RePEc:kap:jrisku:v:32:y:2006:i:3:p:231-245

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