To Be, or Not to Be, That Is the Question: An Empirical Study of the WTP for an Increased Life Expectancy at an Advanced Age

Magnus Johannesson and Per-Olov Johansson

Journal of Risk and Uncertainty, 1996, vol. 13, issue 2, 163-74

Abstract: This study reports an attempt to measure the value of an increased survival probability at advanced ages. It turns out that the average willingness to pay for a program which would increase the expected length of life by one year, conditional on having survived to the age of 75 years, is lower than $1,500. The willingness to pay increases with a person's age, but at a low and seemingly constant rate (1-4 percent per year). Copyright 1996 by Kluwer Academic Publishers

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jrisku:v:13:y:1996:i:2:p:163-74

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