Journal ArticleDOI
On the value of changes in life expectancy.
TLDR
Two different kinds of changes, sudden or 'blip' changes and persistent changes, respectively, are considered within a model in which both the marginal rate of time preference and the survival probability are age-dependent.About:
This article is published in Journal of Health Economics.The article was published on 1996-02-01. It has received 191 citations till now. The article focuses on the topics: Time preference.read more
Citations
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Journal ArticleDOI
The Value of a Statistical Life: A Critical Review of Market Estimates Throughout the World
W. Kip Viscusi,Joseph E. Aldy +1 more
TL;DR: More recently, this article reviewed more than 60 studies of mortality risk premiums from ten countries and approximately 40 studies that present estimates of injury risk premiums, and concluded that an income elasticity of the value of a statistical life from about 0.5 to 0.6 was found.
Journal ArticleDOI
Willingness to Pay for a Quality-adjusted Life Year: In Search of a Standard
TL;DR: The authors determined the value of a QALY as implied by the value-of-life literature and compared this value with arbitrary thresholds for cost-effectiveness that have come into common use and far exceed the "rules of thumb" that are frequently used to determine whether an intervention produces an acceptable increase in health benefits in exchange for incremental expenditures.
Journal ArticleDOI
The Value of Life and the Rise in Health Spending
Robert E. Hall,Charles I. Jones +1 more
TL;DR: In this article, the authors developed a model based on standard economic assumptions and argued that health spending is a superior good with an income elasticity well above one, and that the optimal composition of total spending shifts toward health, and the health share grows along with income.
Posted Content
The Quantity and Quality of Life and the Evolution of World Inequality
TL;DR: It is shown that mortality from infectious, respiratory, and digestive diseases, congenital, perinatal, and “ill-defined” conditions, mostly concentrated before age 20 and between ages 20 and 50, is responsible for most of the reduction in life expectancy inequality.
Posted Content
The Value of Health and Longevity
TL;DR: The authors developed an economic framework for valuing improvements to health and life expectancy, based on individuals' willingness to pay, and applied the framework to past and prospective reductions in mortality risks, both overall and for specific life-threatening diseases.
References
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Book
Modelling Survival Data in Medical Research
TL;DR: This paper discusses the design of clinical trials, use of computer software in survival analysis, and some non-parametric procedures for modelling survival data.
Book
Optimal control theory with economic applications
Atle Seierstad,Knut Sydsæter +1 more
TL;DR: In this paper, the optimal control theory without restriction on the state variables has been studied in the context of the Calculus of Variations, where mixed and pure state constraints are defined.
Journal ArticleDOI
Modelling Survival Data in Medical Research.
TL;DR: In this paper, the Cox Regression Model is used to model survival data and the GLIM macros for survival analysis are used to calculate the maximum likelihood estimation score statistics and information.
Related Papers (5)
The value of a statistical life: A critical review of market estimates throughout the world
W. Kip Viscusi,Joseph E. Aldy +1 more