Discount Rate for Health Benefits and the Value of Life in India
Author
Source
Economics Research International
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-5, 5 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-09-28
Country of Publication
Egypt
No. of Pages
5
Main Subjects
Abstract EN
This study contributes to the literature by estimating discount rate for health benefits and value of statistical life of workers in India.
The discount rate is imputed from wage-risk trade-offs in which workers decide whether to accept a risky job with higher wages.
The estimated real discount rate varies across regions ranging 2.4–5.1 percent, which is closer to the financial market rate for the study period.
The estimated value of a statistical life is Rs.
20 (US $ 1.107) million.
The results thus provide no empirical support for utilizing a separate rate of discount for health benefits of life-saving policies in developing countries like India.
American Psychological Association (APA)
Shanmugam, K. R.. 2011. Discount Rate for Health Benefits and the Value of Life in India. Economics Research International،Vol. 2011, no. 2011, pp.1-5.
https://search.emarefa.net/detail/BIM-453233
Modern Language Association (MLA)
Shanmugam, K. R.. Discount Rate for Health Benefits and the Value of Life in India. Economics Research International No. 2011 (2011), pp.1-5.
https://search.emarefa.net/detail/BIM-453233
American Medical Association (AMA)
Shanmugam, K. R.. Discount Rate for Health Benefits and the Value of Life in India. Economics Research International. 2011. Vol. 2011, no. 2011, pp.1-5.
https://search.emarefa.net/detail/BIM-453233
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-453233
