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Age, Health and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents
Open accessAbstract
We present the results of a contingent valuation survey eliciting willingness to pay (WTP) for mortality risk reductions. The survey was self-administered using a computer by 930 persons in Hamilton Ontario aged 40 to 75. Visual and audio aides were used to enhance risk comprehension. Mean WTP figures for a contemporaneous risk reduction imply a value of a statistical life of approximately C$l.2 to C$3.8 million (1999 C$). Mean WTP is constant with age up to 70 years, and is about 30 percent lower for persons aged 70 and older. WTP is unaffected by physical health status, but is affected by mental health.
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Cited by
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Metadata
- Authors
- Krupnick, A., Alberini, A., Cropper, M., Simon, N., O'Brien, B., Goeree, R., & Heintzelman, M.
- Venue
- Journal of Risk and Uncertainty
- Published
- 2002-03
- Volume
- 24
- Issue
- 2
- Pages
- 161-186
- ISSN
- 0895-5646 (ISSN-L)
- 1573-0476
- OpenAlex
- W3121611529
- Cited by
- 306
- References
- 0
- FWCI
- 36.69
- Type
- journal article
- Language
- en
- Open access
- green
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- Krupnick, A., Alberini, A., Cropper, M., Simon, N., O'Brien, B., Goeree, R., & Heintzelman, M. (2002). Age, Health and the Willingness to Pay for Mortality Risk Reductions: A Contingent Valuation Survey of Ontario Residents. Journal of Risk and Uncertainty. https://doi.org/10.1023/a%3A1014020027011
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
