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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front. Econ. China    2014, Vol. 9 Issue (2) : 183-215    https://doi.org/10.3868/s060-003-014-0011-4
research-article |
Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention
Hua Wang1,Jie He2()
1. Development Research Group, The World Bank, Washington, DC 20433, USA
2. Département d’économique, Université de Sherbrooke, Sherbrooke, QC J1K2R1, Canada
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Abstract

This paper reports the results of a Contingent Valuation (CV) study on cancer prevention where Multiple-Bounded Dichotomous Choice (MBDC) questions are asked of rural residents in China about their willingness to pay (WTP) for a hypothetical cancer vaccine which is expected to be effective for one year. The WTP data are analyzed with region-, age- and gender-specific cancer morbidity and mortality risk statistics; an upper and lower bound of the Value of a Statistical Life (VSL) are then estimated. The estimated VSL is between 481 and 814 thousand yuan (or 58 and 98 thousand US dollars) at 2000 constant prices, which is compatible with the results of previous studies.

Keywords cancer vaccine      contingent valuation      WTP      MBDC format      VSL      rural China     
Issue Date: 04 July 2014
 Cite this article:   
Hua Wang,Jie He. Estimating the Economic Value of Statistical Life in China: A Study of the Willingness to Pay for Cancer Prevention[J]. Front. Econ. China, 2014, 9(2): 183-215.
 URL:  
http://academic.hep.com.cn/fec/EN/10.3868/s060-003-014-0011-4
http://academic.hep.com.cn/fec/EN/Y2014/V9/I2/183
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[2] Jijun Tan,Jinhua Zhao. The Value of Clean Air in China: Evidence from Beijing and Shanghai[J]. Front. Econ. China, 2014, 9(1): 109-137.
[3] Hiroshi Sato, . Growth of Villages in China, 1990–2002[J]. Front. Econ. China, 2010, 5(1): 135-149.
[4] LUO Chuliang. Precautionary motivation and consumption insurance: Empirical analysis of household consumption behavior in rural China[J]. Front. Econ. China, 2007, 2(1): 137-150.
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