The Value of Longevity in Mexico
Gabriel Martinez () and
Nelly Aguilera ()
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Nelly Aguilera: Titular de la Unidad de Análisis Económico, Secretaría de Salud. Mexico City. Mexico.
Economía Mexicana NUEVA ÉPOCA, 2013, vol. XXII, issue 4, Cierre de época (II), 341-359
This paper evaluates the gains in longevity based on individuals’ willingness to pay, and measures the social values of these gains. We apply the Murphy and Topel (2003, 2006) model for Mexico for the first time, which allows us to estimate the value of a life year and the value of remaining years of life at each age. We also apply the estimates to three cases to exemplify how these calculations can be used in decisions concerning public policy: value of gains in mortality rates, cost of deaths associated with obesity, and a cost-benefit analysis of lives saved through treatment for children with leukemia.
Keywords: longevity; willingness to pay; Mexico. (search for similar items in EconPapers)
JEL-codes: I18 J10 J17 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:emc:ecomex:v:22:y:2013:i:4:p:341-359
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