Seminar

Past

Living large or long: preference estimates from completed-life stories

Erzo G.J. Luttmer

  • Date8 December 2023
  • Time 11h00 - 12h30
  • Room Auditorium 4

Abstract

The value people attach to longevity increases is an important input to policy decisions on health care, the environment, and safety regulations. This value is typically estimated based on compensating differentials for taking on very small risks of death. We instead estimate this value by letting people choose between vignettes in which life-time income and longevity is randomized. We present a battery of tests to gauge whether these hypothetical choices measure underlying preferences. The benefit of our method is that it yields estimates of the distribution of preferences for longevity in a representative population, allows for a characterization of heterogeneity in preferences by respondent characteristics, but does not require people to correctly evaluate very small probabilities.

Other seminars

Past

Tax Evasion, Exclusionary Practices, and Competition Policy

  • Seminar

  • Industrial Organization seminar

    Public Economics Seminar

  • Date 9 September 2026

  • Place Auditorium 4

  • Speaker or organiser Martin Besfamille (Pontifica Universidad Catolica de Chile)

Details

Past

Dying Better: Hospice Care and the End of Life

  • Seminar

  • Public Economics Seminar

  • Date 11 December 2025

  • Place Auditorium 4

  • Speaker or organiser Yunan Ji

Details

Past

Competition and Innovation: The Breakup of IG Farben

  • Seminar

  • Public Economics Seminar

  • Date 5 December 2025

  • Place Auditorium 4

  • Speaker or organiser Felix Poege

Details