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UID:20260205T173259EST-2857uS9ddr@132.216.98.100
DTSTAMP:20260205T223259Z
DESCRIPTION:CANCELLED\n\n'Valuing Life over the Life Cycle'\n\nPascal St-Am
 our (University of Lausanne)\n	September 19\, 2023\, 12:00 to 1:00 PM\n	Leac
 ock 429\n\nAbstract: The twin arguments of (i) protecting society's most v
 ulnerable members (e.g. agents with pre-existing medical conditions\, elde
 rs) from life-threatening complications and (ii) avoiding delicate medical
  triage decisions were often used to warrant the substantial reallocation 
 of economic and health care resources during the COVID-19 pandemic. These 
 justifications raise the non-trivial arbitrage between the value of lives 
 saved by intervention vs (i) the opportunity cost of engaged resources and
  vs (ii) other present or future lives affected by prioritizing a single i
 llness. This paper solves in closed-form a flexible life cycle (LC) model 
 of consumption\, leisure and health choices to characterize the shadow val
 ue of life along the (i) person-specific (age\, health\, labour income\, w
 ealth\, preferences) and (ii) mortality risk-specific (beneficial vs detri
 mental\, temporary vs permanent changes) dimensions. The model is calibrat
 ed to reproduce observed household LC dynamics and yields plausible out-of
 -sample life values with a quality-adjusted life year (QALY) estimates bet
 ween 95 and 115K$ and a Value of Statistical Life (VSL) close to 6.0M$. It
  identifies symmetric willingness to pay (WTP) and to accept (WTA) compens
 ation for one-shot beneficial vs detrimental changes in longevity. Permane
 nt changes yield asymmetric responses with larger willingness in the gains
  relative to loss domain and larger selling (WTA) relative to buying (WTP)
  prices for longevity. Ageing lowers both the value of and responsiveness 
 to changes in longevity via falling resources and health and marginal cont
 inuation utility of living.\n
DTSTART:20230919T160000Z
DTEND:20230919T170000Z
LOCATION:Room 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 855 r
 ue Sherbrooke Ouest
SUMMARY:CANCELLED: Pascal St-Amour (University of Lausanne)\, 'Valuing Life
  over the Life Cycle'
URL:/economics/channels/event/cancelled-pascal-st-amou
 r-university-lausanne-valuing-life-over-life-cycle-348416
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