Top of page

Book/Printed Material Explaining diversities in age-specific life expectancies and values of life saving a numerical analysis

View Enlarged Image

About this Item

Title

  • Explaining diversities in age-specific life expectancies and values of life saving a numerical analysis

Summary

  • "Little attempt has been made so far to quantify the extent to which individual willingness to spend on life protection may account for the observed trends and diversities in age-specific life expectancies across individuals and over time. We address these issues via calibrated simulations of a dynamic, life-cycle model of life protection in which life's end is a stochastic event, age-specific mortality risks are endogenous variables, and spending on life protection is set jointly with related insurance options: life insurance as well as annuities. A unique feature of our model is that it links age-specific mortality risks and implicit private values-of-life-saving (VLS) as "dual variables", and estimates them jointly. It also offers new insights about the concept and measurement of VLS. Life protection is estimated to have a non-negligible impact on age-specific life expectancies. It can account for significant portions of observed inequalities in life expectancies across population groups and over time, as well as for a wide range of empirical estimates of VLS produced via the conventional "willingness to pay" approach"--National Bureau of Economic Research web site.

Names

  • Ehrlich, Isaac
  • Yin, Yong
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

  • -  Health behavior--Mathematical models
  • -  Life expectancy

Notes

  • -  Title from PDF file as viewed on 1/12/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005615505

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

Additional Metadata Formats

Rights & Access

More about Copyright and other Restrictions

For guidance about compiling full citations consult Citing Primary Sources.

Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Ehrlich, Isaac, Yong Yin, and National Bureau Of Economic Research. Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving a Numerical Analysis. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://www.loc.gov/item/2005615505/.

APA citation style:

Ehrlich, I., Yin, Y. & National Bureau Of Economic Research. (2004) Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving a Numerical Analysis. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2005615505/.

MLA citation style:

Ehrlich, Isaac, Yong Yin, and National Bureau Of Economic Research. Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving a Numerical Analysis. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2005615505/>.