To Be, or Not to Be, that is the Question: An Empirical Study of the WTP for an Increased Life Expectancy at an Advanced Age

JOURNAL OF RISK AND UNCERTAINTY, Vol. 13, No. 2

Posted: 5 May 1998

See all articles by Magnus Johannesson

Magnus Johannesson

Stockholm School of Economics - Department of Economics

Per-Olov Johansson

Stockholm School of Economics

Abstract

This study reports an attempt to measure the value of an increased survival probability at high ages. It turns out that the average willingness to pay for a programme which would increase the expected length of life by one year, conditional on having survived to the age of 75 years, is lower than $1,500. The willingness to pay increases with a person's age, but at a low and seemingly constant rate (1-4 percent per year).

JEL Classification: J17

Suggested Citation

Johanneson, Magnus and Johansson, Per-Olov, To Be, or Not to Be, that is the Question: An Empirical Study of the WTP for an Increased Life Expectancy at an Advanced Age. JOURNAL OF RISK AND UNCERTAINTY, Vol. 13, No. 2, Available at SSRN: https://ssrn.com/abstract=4958

Magnus Johanneson

Stockholm School of Economics - Department of Economics ( email )

P.O. Box 6501
Sveavagen 65
S-113 83 Stockholm
Sweden
+46 8 736 9443 (Phone)

HOME PAGE: http://www.hhs.se/Faculty/showperson.htm?personid=198

Per-Olov Johansson (Contact Author)

Stockholm School of Economics ( email )

P.O. Box 6501
Stockholm
SWEDEN
+46 8 736 92 82 (Phone)
+46 8 30 21 15 (Fax)

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