CitationPerreira, Krista M. & Sloan, Frank A. (2002). Living Healthy and Living Long: Valuing the Nonpecuniary Loss from Disability and Death. Journal of Risk and Uncertainty, 24(1), 5-29.
AbstractThis analysis uses three valuation approaches—risk–risk tradeoff, paired risk–dollar comparison, and utility function estimation—to estimate the nonpecuniary cost associated with disability in late life. In addition, we obtain an estimate of the value of life using a paired risk–dollar comparison. The data were obtained from interviews with 548 persons using an iterative computerized questionnaire. Respondents reported a median value of life of $12 million. They were willing-to-pay .7–1.4 million to avoid disability in late life or approximately
Reference TypeJournal Article
Journal TitleJournal of Risk and Uncertainty
Author(s)Perreira, Krista M.
Sloan, Frank A.