The value of life extension and the marginal rate of time preference: a pilot study

Magnus Johannesson and Per-Olov Johansson

Applied Economics Letters, 1997, vol. 4, issue 1, 53-55

Abstract: The aim of this paper is to introduce and test a new approach for the measurement of the marginal rate of time preference for life-years gained based on contingent valuation techniques. A simple binary willingness to pay question is administered in a general public sample of two age groups (34-5 years and 64-5 years). In this pilot study, the estimated marginal rate of time preference is 1.3%.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:4:y:1997:i:1:p:53-55

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DOI: 10.1080/758521833

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