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Testing sensitivity of willingness to pay for mortality risk reduction

Author

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  • Marek Giergiczny

    (Warsaw Ecological Economics Center, University of Warsaw)

Abstract

Contingent valuation method was used in this study to elicit willingness to pay for risk reduction of dying because of cardiovascular or respiratory diseases. The survey was conducted on a sample of 408 citizens of Warsaw between 50 and 80 years of age. Obtained results did not pass external scope test, even in its weak form. The magnitude of risk reduction did not have statistical influence on the probability of accepting the bid.

Suggested Citation

  • Marek Giergiczny, 2010. "Testing sensitivity of willingness to pay for mortality risk reduction," Working Papers 2010-10, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2010-10
    as

    Download full text from publisher

    File URL: http://www.wne.uw.edu.pl/inf/wyd/WP/WNE_WP33.pdf
    File Function: First version, 2010
    Download Restriction: no
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    More about this item

    Keywords

    value of a statistical life; contingent valuation; scope test; robustness;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income

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