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Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare / Javier A. Birchenall, Rodrigo R. Soares.
- Format:
- Book
- Author/Creator:
- Birchenall, Javier A.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12836.
- NBER working paper series no. w12836
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Altruism, Fertility, and the Value of Children
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in "value of life" type of framework. We are able to express adults' willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the evaluation of current policies. Our model clarifies a series of puzzles from the literature on the "value of life" and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare gain from recent reductions in mortality in the U.S. easily doubles.
- Notes:
- Print version record
- January 2007.
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