A Stated Preference Approach to Assess whether Health Status Impacts on Marginal Utility of Consumption

A sample of Danish citizens (n = 2000) was asked to participate in a hypothetical experiment in which they could self‐insure against a certain loss in income across two periods of time (one in which the person is in good health and one in which the person is in poorer health). Our results suggest th...

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Veröffentlicht in:	Health economics 2017-10, Vol.26 (10), p.1224-1233
1. Verfasser:	Gyrd‐Hansen, Dorte
Format:	Artikel
Sprache:	eng
Schlagworte:	Adult Aged Consumer Behavior - statistics & numerical data Consumption Denmark Economic models Female Health economics Health problems health state dependent utility Health Status Humans Income - statistics & numerical data Insurance, Health - statistics & numerical data Male Marginal utility Middle Aged optimal insurance Socioeconomic Factors stated preference experiment
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container_title	Health economics
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creator	Gyrd‐Hansen, Dorte
description	A sample of Danish citizens (n = 2000) was asked to participate in a hypothetical experiment in which they could self‐insure against a certain loss in income across two periods of time (one in which the person is in good health and one in which the person is in poorer health). Our results suggest that reduced health impacts on the marginal utility of consumption, but not in a linear fashion. Amongst a majority of respondents inferior, health increases the marginal utility of consumption for intermediate health states, whereas this is not the case for less and more severe health states. Copyright © 2016 John Wiley & Sons, Ltd.
doi_str_mv	10.1002/hec.3393
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subjects	Adult Aged Consumer Behavior - statistics & numerical data Consumption Denmark Economic models Female Health economics Health problems health state dependent utility Health Status Humans Income - statistics & numerical data Insurance, Health - statistics & numerical data Male Marginal utility Middle Aged optimal insurance Socioeconomic Factors stated preference experiment
title	A Stated Preference Approach to Assess whether Health Status Impacts on Marginal Utility of Consumption
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