Monetary valuation of cardiovascular disease in Canada

Ehsan Latif

Economics and Business Letters, 2012, vol. 1, issue 1, 46-52

Abstract: The study estimated a well-being function to determine how much monetary value individuals assign for cardiovascular disease in Canada. The study found that the calculated compensating income variation is $33,701, suggesting that an individual is required to be paid this amount to compensate for the loss in well-being due to cardiovascular disease. The study further shows that the compensating income variation is higher for women than for men. The study also finds that compensating income variation decreases with age. Â

Date: 2012
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