The value of longevity: An international analysis

Q3 Social Sciences
Gabriel X. Martinez
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引用次数: 0

Abstract

The economic value of increases in the length of life is estimated for a large set of countries using age-specific data on consumption, leisure earnings, and mortality. Estimates are sensitive to parameters on intertemporal substitution and minimum consumption, and to the interest rate. A scenario of improvement of 1/10000 survival probabilities across life results in Value of Statistical Life (VSL) gains at the beginning of life of around USD $500 for the wealthier countries, $200 for middle-income, and $30 for the poorest. Benchmark income elasticities are in general below 1, except for low-income countries at older ages. The income elasticity of VSL is calculated directly, and not, as in previous literature, calculated for less developed countries based on measurements for wealthier countries.
长寿的价值:国际分析
使用特定年龄的消费、休闲收入和死亡率数据,对许多国家寿命延长的经济价值进行了估计。估算对跨期替代和最小消费参数以及利率敏感。如果一生中生存概率提高1/10000,那么富裕国家在生命之初的统计生命价值(VSL)收益约为500美元,中等收入国家为200美元,最贫困国家为30美元。除了低收入国家的老年人,基准收入弹性一般都低于1。VSL的收入弹性是直接计算的,而不是像以前的文献那样,根据富裕国家的测量结果计算欠发达国家的收入弹性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Desarrollo y Sociedad
Desarrollo y Sociedad Social Sciences-Political Science and International Relations
CiteScore
1.00
自引率
0.00%
发文量
23
审稿时长
12 weeks
期刊介绍: The Revista Desarrollo y Sociedad is an academic and open access journal, published each semester, that belongs to the Centro de Estudios sobre Desarrollo y Sociedad (CEDE) of the School of Economics at Universidad de los Andes (Colombia). The journal seeks to disseminate the investigations and academic projects develop at Universities and Research Centers, at a national and international level; it is addressed to economists and researchers of related fields. The special editions are selected aiming to choose topics highly relevant to the area of Economy. The call for papers is permanently open.
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