Welfare Implications of HIV/AIDS

ByMarkus Haacker, N. F. R. Crafts

June 1, 2003

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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:
https://doi.org/10.5089/9781451854107.001
Issue:
118
Series:
Working Paper No. 2003/118
Stock No:
WPIEA1182003
ISBN:
9781451854107
ISSN:
1018-5941

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