Measuring the Value of Mortality Risk Reductions in TurkeyReport as inadecuate




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1

Department of Economics, Hacettepe University, Ankara 06800, Turkey

2

Department of Agricultural, Food and Resource Economics, Michigan State University, East Lansing, MI 48824, USA





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Abstract The willingness to pay WTP for mortality risk reduction from four causes lung cancer, other type of cancer, respiratory disease, traffic accident are estimated using random parameter logit model with data from choice experiment for three regions in Turkey. The value of statistical life VSL estimated for Afsin-Elbistan, Kutahya-Tavsanli, Ankara and the pooled case are found as 0.56, 0.35, 0.46 and 0.49 million Purchasing Power Parity PPP adjusted 2012 US dollars USD. Different types of risk cause different VSL estimates and we found the lung cancer premium of 213% against traffic accident. The effects of one-year-delayed provision of risk-reduction service are the reduction of WTP by 482 TL $318 in PPP adjusted USD per person on average, and the disutility from status-quo zero risk reduction against alternative is found to be 891 TL $589 in PPP adjusted USD per person on average. Senior discounts of VSL are partially determined by status-quo preference and the amount of discount decreases once the status-quo bias is removed. The peak VSL is found to be for the age group 30–39 and the average VSL for the age group is 0.8 million PPP adjusted USD. Turkey’s compliance to European Union EU air quality standard will cause welfare gains of total 373 million PPP adjusted USD for our study areas in terms of reduced number of premature mortality. View Full-Text

Keywords: choice experiment; value of statistical life; senior discount; cancer premium; Turkey choice experiment; value of statistical life; senior discount; cancer premium; Turkey





Author: Cem Tekeşin 1,2 and Shihomi Ara 1,*

Source: http://mdpi.com/



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