Are some lives more valuable? An ethical preferences approach

被引:38
作者
Johansson-Stenman, Olof [1 ]
Martinsson, Peter [1 ]
机构
[1] Univ Gothenburg, Dept Econ, SE-40530 Gothenburg, Sweden
关键词
ethical preferences; individual social welfare function; relative value of life; choice experiments; random utility model;
D O I
10.1016/j.jhealeco.2007.10.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
We develop a theoretical model of the ethical preferences of individuals, combining individual social welfare functions and random utility theory. The model is applied by conducting a choice experiment regarding safety-enhancing road investments that target different age groups and road user types. The relative value of a saved life is found to decrease with age, such that the present value of a saved life-year is almost independent of age at a pure rate of time preference of a few percent. Moreover, a saved pedestrian is consistently valued higher than a saved car driver of the same age. (C) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码:739 / 752
页数:14
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