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Welfare Implications of HIV/AIDS
Author:
Mr. Markus Haacker
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Mr. N. F. R. Crafts null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2003: Issue 118
Language:
English
Publication Date:
01 Jun 2003
DOI:
https://doi.org/10.5089/9781451854107.001
ISBN:
9781451854107
ISSN:
1018-5941
Pages:
22
Keywords:
WP; life expectancy; Welfare; HIV/AIDS; value of statistical life; Africa; adult HIV prevalence rate; income elasticity; mortality risk; welfare loss; no-AIDS scenario; HIV and AIDS; Personal income; Aging
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund