Welfare Implications of HIV/AIDS
June 1, 2003
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Summary
The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results illustrate the catastrophic impact of HIV/AIDS in the worst-affected countries and suggest that studies focusing on GDP and income per capita capture only a very small proportion of the welfare impact of HIV/AIDS.
Subject: Aging, Health, HIV and AIDS, National accounts, Personal income, Population and demographics
Keywords: adult HIV prevalence rate, Africa, Aging, HIV and AIDS, HIV/AIDS, income elasticity, life expectancy, mortality risk, no-AIDS scenario, Personal income, value of statistical life, Welfare, welfare loss, WP
Pages:
22
Volume:
2003
DOI:
Issue:
118
Series:
Working Paper No. 2003/118
Stock No:
WPIEA1182003
ISBN:
9781451854107
ISSN:
1018-5941
