Working Paper

The Welfare Costs of HIV/AIDS in Eastern Europe: An Empirical Assessment Using the Economic Value-of-Life Approach


  • Fimpel
  • J.
  • Stolpe
  • M.
Publication Date

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

Kiel Institute Expert


JEL Classification
D91, I12, I18, J17

Key Words

  • Eastern Europe
  • Survival Probabilities
  • Value of a Statistical Life
  • Willingness-to-Pay