IDEAS home Printed from https://ideas.repec.org/p/kee/kerpuk/2006-02.html
   My bibliography  Save this paper

Using Choice Experiments to Measure Relative Values of Statistical Lives: Evidence from Bangladesh

Author

Listed:
  • Minhaj Mahmud

    (Keele University, Centre for Economic Research and School of Economic and Management Studies)

Abstract

By assuming that an individual has preferences concerning different states of the world and these preferences can be described by an individual social welfare function, we explore the relative value of statistical life using survey data from Bangladesh. We apply a pair-wise choice experiment on life-saving programs to elicit individuals’ preferences regarding differences in the values of statistical lives related to age. We find that the relative value decreases strongly with age and that people have strong preferences for saving more life-years, rather than lives per se. Moreover, in specific follow-up questions, it is again elicited that a majority of the respondents believe that it is better, from a social point of view, to save younger individuals.

Suggested Citation

  • Minhaj Mahmud, 2006. "Using Choice Experiments to Measure Relative Values of Statistical Lives: Evidence from Bangladesh," Keele Economics Research Papers KERP 2006/02, Centre for Economic Research, Keele University.
    • Handle: RePEc:kee:kerpuk:2006/02
    as

    Download full text from publisher

    File URL: http://www.keele.ac.uk/depts/ec/wpapers/kerp0602.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Social preference; choice experiment; life-saving programs; relative value of life; Bangladesh.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kee:kerpuk:2006/02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin E. Diedrich (email available below). General contact details of provider: https://edirc.repec.org/data/dekeeuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.