Title
Altruism and environmental risks to health of parents and their children
Abbreviated Journal Title
J.Environ.Econ.Manage.
Keywords
altruism; household production; environmental risk; child health; WILLINGNESS-TO-PAY; INTER-VIVOS TRANSFERS; CONTINGENT VALUATION; REDUCTIONS; BENEFITS; SAFETY; Business; Economics; Environmental Studies
Abstract
This paper tests an equilibrium condition from a model that incorporates: (1) altruism of parents toward their young children, and (2) household production of latent health risks. The model demonstrates that an altruistic parent's marginal rate of substitution between an environmental health risk to herself and to her child is equal to the ratio of marginal risk reduction costs. Econometric estimates support this prediction based on data from a stated preference survey involving 488 parents of children aged 3-12 years. This outcome implies that parents reallocate family resources to at least partly offset the effectiveness of public programs that aim to reduce their children's environmental risks. (c) 2007 Elsevier Inc. All rights reserved.
Journal Title
Journal of Environmental Economics and Management
Volume
53
Issue/Number
3
Publication Date
1-1-2007
Document Type
Article
Language
English
First Page
323
Last Page
341
WOS Identifier
ISSN
0095-0696
Recommended Citation
"Altruism and environmental risks to health of parents and their children" (2007). Faculty Bibliography 2000s. 7032.
https://stars.library.ucf.edu/facultybib2000/7032
Comments
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