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Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention

Author

Listed:
  • Hua Wang

    (Development Research Group, The World Bank, Washington, DC 20433, USA)

  • Jie He

    (D¨¦partement d¡¯¨¦conomique, Universit¨¦ de Sherbrooke, Sherbrooke, QC J1K2R1, Canada)

Abstract

This paper reports the results of a Contingent Valuation (CV) study on cancer prevention where Multiple-Bounded Dichotomous Choice (MBDC) questions are asked of rural residents in China about their willingness to pay (WTP) for a hypothetical cancer vaccine which is expected to be effective for one year. The WTP data are analyzed with region-, age- and gender-specific cancer morbidity and mortality risk statistics; an upper and lower bound of the Value of a Statistical Life (VSL) are then estimated. The estimated VSL is between 481 and 814 thousand yuan (or 58 and 98 thousand US dollars) at 2000 constant prices, which is compatible with the results of previous studies.

Suggested Citation

  • Hua Wang & Jie He, 2014. "Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 9(2), pages 183-215, June.
    • Handle: RePEc:fec:journl:v:9:y:2014:i:2:p:183-215
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    File URL: http://journal.hep.com.cn/fec/EN/10.3868/s060-003-014-0011-4
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    Citations

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    Cited by:

    1. Anthony Boardman & Jeff Geng & Bruno Lam, 2020. "The Social Cost of Informal Electronic Waste Processing in Southern China," Administrative Sciences, MDPI, vol. 10(1), pages 1-20, February.
    2. Zhenqian Huang, 2019. "Investment needs to achieve affordable and clean energy," MPDD Policy Briefs PB88, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    3. Gruber, Jonathan & Lin, Mengyun & Yi, Junjian, 2023. "The largest insurance program in history: Saving one million lives per year in China," Journal of Public Economics, Elsevier, vol. 226(C).
    4. Liang Tan & Aochen Cao & Dongyang Qiu & Bolin Liang, 2023. "Life Value Assessment Methods in Emerging Markets: Evidence from China," Sustainability, MDPI, vol. 15(10), pages 1-13, May.

    More about this item

    Keywords

    cancer vaccine; contingent valuation; WTP; MBDC format; VSL; rural China;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East

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