Working Paper: On Techniques to Value the Impact of Environmental Hazards on Children's Health
Paper Number: 2002-08
Document Date: 02/16/1999
Author(s): Mark D. Agee and Thomas D. Crocker
Subject Area(s): Benefit-Cost Analysis; Valuation; Children's Health
Keywords: valuation; children; methodology
Abstract: This paper describes alternative empirical techniques of economic analysis to assess the monetary value of human health, and outlines the issues that arise when these techniques are transported to value environmental hazard interventions intended to improve the health of young children. It examines four economic valuation techniques currently used to assess changes in human health (i.e., cost of illness method, hedonic method, averting behavior method, and contingent valuation method) and critiques the applicability of these techniques for assessing the value of children's health changes.
This paper is part of the Environmental Economics Working Paper Series.