Individuals (i) n = 5 | Income (dollars) | (1) Baseline life expectancy (LE) | (2) 5% increase in LE | (3) Increase of 5 yrs to LE | (4) Ill-health (assume max LE of 120) | (5) Transfer of LE |
---|---|---|---|---|---|---|
1 | 20,000 | 59 | 61.95 | 64 | 61 | 59 + 3 → 62 |
2 | 30,000 | 63 | 66.15 | 68 | 57 | 63 |
3 | 58,000 | 70 | 73.50 | 75 | 50 | 70 |
4 | 74,000 | 85 | 89.25 | 90 | 35 | 85 |
5 | 100,000 | 92 | 96.60 | 97 | 28 | 92.3 → 89 |
Mean | 56,400 | 73.80 | 77.49 | 78.80 | 46.20 | 73.80 |
Standard CI | ||||||
Point estimate | 0.095 | 0.095 | 0.089 | − 0.152 | 0.082 | |
Generalized CI | ||||||
Point estimate | 7.040 | 7.392 | 7.040 | − 7.04 | 6.080 | |
Extended CI, with inequality aversion = 3 | 0.139 | 0.139 | 0.130 | − 0.221 | 0.119 | |
Symmetric index, with inequality aversion = 3 | 0.103 | 0.103 | 0.097 | − 0.165 | 0.087 | |
Wagstaff index | ||||||
Point estimate × assume max LE of 120 yrs | 0.248 | 0.269 | 0.260 | − 0.248 | 0.214 | |
Erreygers index | ||||||
Point estimate × assume max LE of 120 yrs | 0.235 | 0.246 | 0.235 | − 0.235 | 0.203 |