Building a Set of Internationally Comparable Value of Statistical Life Studies
Estimates of Chinese Willingness to Pay to Reduce Mortality Risk
Bibliographic Data
| ID | 13037237 |
|---|---|
| Authors | Sandra Hoffmann (0000-0003-2537-8731, Economic Research Service, corresponding author), Alan Krupnick (Resources For The Future), Ping Qin (0000-0001-6741-6228, Renmin University of China) |
| Year | 2017 |
| Volume | 8 |
| Issue | 2 |
| Pages | 251-289 |
| Publication date | 2017-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Benefit-Cost Analysis (JOURNAL) |
| Journal identifiers | ISSN: 2152-2812 • E-ISSN: 2194-5888 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/bca.2017.16 |
| OpenAlex | W2752647198 |
| Language | EN |
| Citations received | 13 |
| References cited | 60 |
This study is the eighth in a series of stated-preference studies designed to enhance the basis for international benefits transfer of value of statistical life (VSL) estimates. The series has fielded essentially similar stated-preference surveys in Canada, China, France, Italy, Japan, Mongolia, the United Kingdom, and the United States. This Chinese study estimates the willingness to pay for contemporaneous and future mortality risk reductions of residents of Shanghai, Jiujiang, and Nanning, China using a stated-preference payment-card survey. The pooled VSL for a contemporaneous reduction in annual mortality risk reduction of 5 in 10,000 is about 1.47 million 2009 yuan ($614,805 U.S. $2016), with income elasticities of 0.2 to 0.25. This VSL estimate is at the lower end of estimates from the eight countries, between those from Mongolia and Japan, and in the mid-range of estimates of willingness to pay (WTP) for mortality risk reductions as a percentage of household income. We find lower discount rates in the Mongolia, Japan, and China studies than in those fielded in North America or Europe. The study also explores the relative performance of dichotomous choice and stated-preference card elicitation methods in a middle income country setting and develops a computerized “payment card” that allows testing for anchoring. Implicit transfer elasticities across countries, calculated using the VSLs we estimate and each country’s income, relative to those of the United States, yields estimates of 0.88–0.95 for the lower income countries. These compare with the default assumption of 1.0 or assumed elasticities of 1.2 for developing countries
China · Demographic economics · Economics · Estimation · Geography · Household income · Payment · Preference · Socioeconomics · Willingness to pay · Decision-Making and Behavioral Economics · Demography · Economic and Environmental Valuation · Health Systems, Economic Evaluations, Quality of Life · Finance
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From Exxon to BP
| Unique citing works | 13 |
|---|---|
| Citations per year | 1.44 |
| Citation span | 2017 - 2025 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 13 |