## Abstract This paper introduces a new method to calculate the extent to which individuals are willing to trade money for improvements in their health status. An individual welfare function of income (WFI) is applied to calculate the equivalent income variation of health impairments. We believe th
The compensating income variation of cardiovascular disease
✍ Scribed by Wim Groot; Henriëtte Maassen van den Brink
- Publisher
- John Wiley and Sons
- Year
- 2006
- Tongue
- English
- Weight
- 101 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1057-9230
- DOI
- 10.1002/hec.1116
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
This paper uses longitudinal data from the British Household Panel Survey to calculate the compensating income variation (CIV) of cardiovascular disease. It is found that the CIV decreases with age and is higher for men than for women. For women the estimated CIV is similar to those calculated by Groot et al. (2004). For men the estimates are somewhat higher than earlier reported. Copyright © 2006 John Wiley & Sons, Ltd.
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