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The Value of Longevity in Mexico

Author

Listed:
  • Gabriel Martínez

    (Secretario General, Conferencia Interamericana de Seguridad Social. Mexico City. Mexico.)

  • Nelly Aguilera

    (Titular de la Unidad de Análisis Económico, Secretaría de Salud. Mexico City. Mexico.)

Abstract

This paper evaluates the gains in longevity based on individuals’ willingness to pay, and measures the social values of these gains. We apply the Murphy and Topel (2003, 2006) model for Mexico for the first time, which allows us to estimate the value of a life year and the value of remaining years of life at each age. We also apply the estimates to three cases to exemplify how these calculations can be used in decisions concerning public policy: value of gains in mortality rates, cost of deaths associated with obesity, and a cost-benefit analysis of lives saved through treatment for children with leukemia.

Suggested Citation

  • Gabriel Martínez & Nelly Aguilera, 2013. "The Value of Longevity in Mexico," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(4, Cierre), pages 341-359.
    • Handle: RePEc:emc:ecomex:v:22:y:2013:i:4:p:341-359
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/Cierre-2/01_EM_(DOS)_Gabriel_Martinez_(341-359).pdf
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    More about this item

    Keywords

    longevity; willingness to pay; Mexico.;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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