Record Details

Mortality-risk valuation, age and cause of death: out-of-hospital cardiac arrest

Nordic Journal of Health Economics

View Archive Info
 
 
Field Value
 
Title Mortality-risk valuation, age and cause of death: out-of-hospital cardiac arrest
 
Creator Sund, Björn
 
Subject Economics, Health, Valuation, Life
cost-benefit analysis, value of life, senior death discount, cardiac arrest
D61, I14, I18
 
Description Economic evaluation of policies regarding out-of-hospital cardiac arrest (OHCA) is important. The value of a statistical life (VSL) for OHCA victims is the most important component in a cost-benefit analysis of interventions that have the possibility to reduce mortality from this cause. This value is not known. We use responses to a national Swedish mail survey, based on the stated-preference technique to directly elicit individuals’ hypothetical willingness to pay for a reduced risk of dying from OHCA. A lower-bound estimate of VSL for OHCA would be in range of SEK 30 to 50 million. The value is found to be higher than for comparable VSL estimates from the transport sector, even though individuals who suffer OHCAs are generally older and less healthy than people who die in road traffic accidents. The results indicate that it is not an overestimation to use the ‘baseline’ VSL value from the transport sector (SEK 24 million) in cost-benefit analysis of OHCA policy decisions and that the cause of death is important when examining willingness to pay for death risk reductions. We do not support a general declining VSL due to the age of the victims, i.e. a ‘senior death discount’, for this cause of death.Published: Online January 2017. In print December 2017.
 
Publisher University of Oslo
 
Contributor Swedish Civil Contingencies Agency
 
Date 2017-01-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.journals.uio.no/index.php/NJHE/article/view/2374
10.5617/njhe.2374
 
Source Nordic Journal of Health Economics; Vol 5, No 2 (2017): Nordic Journal of Health Economics; pp. 28-40
1892-9710
1892-9729
 
Language eng
 
Relation https://www.journals.uio.no/index.php/NJHE/article/view/2374/3582
 
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