TY  - RPRT
        AU  - Birchenall, Javier A.
AU  - Soares, Rodrigo R.
        TI  - Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare
        PY  - 2007/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2783
        UR  - https://www.iza.org/publications/dp2783
        AB  - This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a “value of life” type of framework. We are able to express adults’ willingness to pay for changes in child mortality and also to incorporate the welfare of future generations in the evaluation of current policies. Our model clarifies a series of puzzles from the literature on the “value of life” and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare gain from recent reductions in mortality in the U.S. easily doubles.
        KW  - intergenerational welfare
KW  - altruism
KW  - fertility
KW  - mortality
KW  - value of life
KW  - willingness to pay
        ER  -