Welfare Implications of HIV/AIDS

Download or read book Welfare Implications of HIV/AIDS written by Mr.Markus Haacker and published by International Monetary Fund. This book was released on 2003-06-01 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.