Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Valuing Health and Mortality Location: D-105 Session Chair: Thi Hoang Hieu Nguyen, CERGE-EI | |
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Valuing Private and Public Mortality Risk Reductions: A Survey Experimental Test Kyoto University, Japan Empirical evidence on whether individuals are willing to pay more for private or public measures to reduce mortality risk is mixed. We extend the standard value of a statistical life (VSL) model by incorporating (i) altruistic preferences for others and (ii) perceived effectiveness of a measure. We use an online survey experiment with 824 Japanese adults to investigate the difference between private and public measures. We obtain five main results: (1) the mean VSL is 46% higher in the private frame; (2) altruism increases willingness to pay only for public risk reductions, partially narrowing the public–private gap; (3) respondents in smaller households value the public intervention less; (4) a model-based calibration indicates that respondents view the public program to deliver only about two-thirds of the personal benefit provided by the private intervention; (5) marriage, education, patience, and loss tolerance are positively associated with VSL. These findings show that both altruistic spillovers and perceived effectiveness are essential to understanding context-dependent VSL and inform better policymaking. | |