EconPapers    
Economics at your fingertips  
 

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

W Viscusi and William Evans

American Economic Review, 1990, vol. 80, issue 3, 353-74

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.

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (219) Track citations by RSS feed

Downloads: (external link)
http://links.jstor.org/sici?sici=0002-8282%2819900 ... O%3B2-K&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aea:aecrev:v:80:y:1990:i:3:p:353-74

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2019-10-12
Handle: RePEc:aea:aecrev:v:80:y:1990:i:3:p:353-74