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On the contingent valuation of mortality risk reduction in developing countries

[journal article]

Mahmud, Minhaj

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Abstract Using the contingent valuation method in developing countries to value mortality risk reduction is particularly challenging because of the low level of education of the respondents. In this paper we investigate whether some brief training regarding probability and risk concepts has any significant effect on the WTP responses. We elicit individuals’ risk perceptions by providing information on age specific mortality risks and find that people on average overestimate the mortality risk at younger ages and underestimate it at older ages. Our results indicate a significantly higher WTP for the trained sub-sample and WTP is sensitive to the magnitude of risk reduction for both the sub-samples.
Classification Population Studies, Sociology of Population; Health Policy
Free Keywords Bangladesh; contingent valuation; risk reduction; WTP; sensitivity to scope
Publication Year 2009
Page/Pages p. 171-181
Journal Applied Economics, 41 (2009) 2
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)