Add to ORKGThis paper develops two straightforward value of life models; one is a probabilistic value of life model and the second is a deterministic value of time model. Simplifying assumptions allow both models to be solved analytically. Constant relative risk aversion utility functions are used, and both value of life and value of time are solved for as functions of the relative risk-aversion parameter
In this paper we develop a conceptual framework and model for valuing risks to an individual's healt...
Summary: There is an old tradition in economics of separating time discounting from uncertainty. As ...
The Human Capital (HK), and Statistical Life Values (VSL) lack a common theoretical background, and ...
This paper makes explicit the links between preferences over lotteries on length of life and interte...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impl...
This paper shows the poor capacity of the additively separable life-cycle model to fit empirical val...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
This paper develops a labor-based model where a worker chooses between not only work and leisure, as...
This paper develops a labor-based model where a worker chooses between not only work and leisure, as...
I present a simple analytical model in continuous time where individuals can be either healthy or il...
Abstract: Key elements of the authors ’ work on money equivalent time allocation to costs and benefi...
This paper develops and applies an integrated model of mortality and morbidity valuation that is con...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
We document various limitations of the expected utility model for the study of health and longevity....
In this paper we develop a conceptual framework and model for valuing risks to an individual's healt...
Summary: There is an old tradition in economics of separating time discounting from uncertainty. As ...
The Human Capital (HK), and Statistical Life Values (VSL) lack a common theoretical background, and ...
This paper makes explicit the links between preferences over lotteries on length of life and interte...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impl...
This paper shows the poor capacity of the additively separable life-cycle model to fit empirical val...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
This paper develops a labor-based model where a worker chooses between not only work and leisure, as...
This paper develops a labor-based model where a worker chooses between not only work and leisure, as...
I present a simple analytical model in continuous time where individuals can be either healthy or il...
Abstract: Key elements of the authors ’ work on money equivalent time allocation to costs and benefi...
This paper develops and applies an integrated model of mortality and morbidity valuation that is con...
The standard literature on the value of life relies on Yaari’s (1965) model, which includes an impli...
We document various limitations of the expected utility model for the study of health and longevity....
In this paper we develop a conceptual framework and model for valuing risks to an individual's healt...
Summary: There is an old tradition in economics of separating time discounting from uncertainty. As ...
The Human Capital (HK), and Statistical Life Values (VSL) lack a common theoretical background, and ...