Working Paper
The Welfare Costs of HIV/AIDS in Eastern Europe: An Empirical Assessment Using the Economic Value-of-Life Approach
Based on the aggregation of individual willingness-to-pay for a statistical life, we calibrate an intertemporal optimization model to determine the aggregate welfare losses from HIV/AIDS in 25 Eastern European countries. Assuming a discount rate of three
Key Words
- Eastern Europe
- HIV/AIDS
- Survival Probabilities
- Value of a Statistical Life
- Willingness-to-Pay