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DOI10.1007/s11166-023-09422-2
A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India
Chilton, Susan; Duxbury, Darren; Mussio, Irene; Nielsen, Jytte Seested; Sharma, Smriti
发表日期2024
ISSN0895-5646
EISSN1573-0476
起始页码68
结束页码1
卷号68期号:1
英文摘要As climate variability is increasing, extreme events such as temperature fluctuations are expected to become more frequent. Low- and middle-income countries (LMICs) are especially vulnerable to heat-related variability and its ensuing impacts on mortality. Therefore, there is an urgent need to understand how citizens in LMICs trade-off climate-related mortality risks with other risks such as traffic accidents, and what values they place on reducing such risks. As populations in LMICs are income-constrained, we adopt a non-monetary, risk-risk trade-off (RRTO) valuation method instead of the standard willingness-to-pay stated preference-based approach. We estimate the resulting risk premium for heatwave-related mortality risks through an adapted double-bounded, dichotomous choice approach to establish whether, on average, people value avoiding these risks more compared to reducing traffic risks. Using a sample of over 2,300 individuals from across seven states in India, a country with one of the highest heat-related mortality globally, we estimate the heatwave risk mortality premium to be between 2.2-2.9, indicating that on average, individuals weigh reducing heatwave-related mortality risks more than two times that of reducing traffic accident mortality risks. Based on a standard benefit transfer methodology for LMICs, this premium translates to a Value of Statistical Life (VSL) of USD 0.37-2.61 million for India.
英文关键词Climate change; Heatwaves; Context premium; Risk-risk trade-off; Value of statistical life; India; I12; Q51; Q54
语种英语
WOS研究方向Business & Economics
WOS类目Business, Finance ; Economics
WOS记录号WOS:001164259800001
来源期刊JOURNAL OF RISK AND UNCERTAINTY
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/288778
作者单位Newcastle University - UK; Newcastle University - UK; University of Leeds; Newcastle University - UK; IZA Institute Labor Economics
推荐引用方式
GB/T 7714
Chilton, Susan,Duxbury, Darren,Mussio, Irene,et al. A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India[J],2024,68(1).
APA Chilton, Susan,Duxbury, Darren,Mussio, Irene,Nielsen, Jytte Seested,&Sharma, Smriti.(2024).A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India.JOURNAL OF RISK AND UNCERTAINTY,68(1).
MLA Chilton, Susan,et al."A double-bounded risk-risk trade-off analysis of heatwave-related mortality risk: Evidence from India".JOURNAL OF RISK AND UNCERTAINTY 68.1(2024).
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