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Mother's willingness to pay for her own and her child's health: a contingent valuation study in Taiwan
Author(s) -
Liu JinTan,
Hammitt James K.,
Wang JungDer,
Liu JinLong
Publication year - 2000
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/1099-1050(200006)9:4<319::aid-hec521>3.0.co;2-3
Subject(s) - willingness to pay , contingent valuation , socioeconomic status , daughter , valuation (finance) , medicine , demography , economics , environmental health , population , finance , evolutionary biology , sociology , biology , microeconomics
We use the contingent valuation (CV) method to estimate mothers' willingness to pay (WTP) to protect themselves and their children from suffering a minor illness—a cold—in Taiwan. WTP is specified as a hedonic function of the duration and severity of the cold (measured alternatively by symptoms experienced and the Quality of Well‐Being (QWB) index) and of respondents' socioeconomic characteristics. The average mother is willing to pay more to protect her child than herself from suffering a cold. Median WTP to avoid the average mother's and child's colds are US$37 and US$57, respectively. Adjusting for the greater duration and severity of the average mother's cold suggests that WTP to prevent comparable illnesses is approximately twice as large for the child as for the mother. We also find that mother's WTP is about 20% greater to prevent a son's than a daughter's illness. Copyright © 2000 John Wiley & Sons, Ltd.