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The Value of Statistical Life for Seniors

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NBER2024-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w33165
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We develop a new revealed preference framework to estimate the value of statistical life (VSL). Our framework starts from a hedonic model of health care in which heterogenous individuals choose how much to spend on medical services that reduce mortality risk. Their choices generate an equilibrium
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2024-11-01
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