DISCOUNTING STATISTICAL LIVES

被引：56

作者：

HOROWITZ, JK ^{[1
]}

CARSON, RT ^{[1
]}

机构：

[1] UNIV CALIF SAN DIEGO,DEPT ECON,LA JOLLA,CA 92093

来源：

JOURNAL OF RISK AND UNCERTAINTY | 1990年 / 3卷 / 04期

关键词：

discount rate; discrete choice; statistical life;

D O I：

10.1007/BF00353349

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Benefit-cost analysis of government projects that reduce health risks over an extended period of time requires an estimate of the value of a future life. This in turn requires a discount rate. We suggest and carry out a method to estimate the discount rate using observations on discrete choices between projects with different time horizons. This method is implemented in a survey context. For our primary example, the estimated median discount rate is close to the market rate. A substantial proportion of the sample is estimated to have quite low discount rates. We provide some evidence that discount rates may differ for different types of risks. © 1990 Kluwer Academic Publishers.

引用

页码：403 / 413

页数：11

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