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The Value of Normal Body Weight: Evidence from Iceland

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dc.contributor Háskóli Íslands
dc.contributor University of Iceland
dc.contributor.author Ásgeirsdóttir, Tinna Laufey
dc.contributor.author Buason, Arnar
dc.contributor.author Jonbjarnardottir, Brynja
dc.contributor.author Ólafsdóttir, Thorhildur
dc.date.accessioned 2022-09-22T12:07:03Z
dc.date.available 2022-09-22T12:07:03Z
dc.date.issued 2021
dc.identifier.citation Ásgeirsdóttir, T.L., Buason, A., Jonbjarnardottir, B. and Ólafsdóttir, Th. (2021) “The value of normal body weight: evidence from Iceland” Applied Economics 53(20), p. 2292-2304.
dc.identifier.issn 0003-6846
dc.identifier.issn 1466-4283 (eISSN)
dc.identifier.uri https://hdl.handle.net/20.500.11815/3476
dc.description.abstract Calculations of societal costs of underweight, overweight and obesity have generally failed to include the value of the utility reductions, associated with deviations from normal weight. To remedy this, the monetary compensation needed to offset the welfare loss associated with being underweight, overweight, or obese, according to World Health Organizations standards, is estimated. For this purpose, the compensating income variation (CIV) method is applied to individual-level data from an Icelandic health and lifestyle survey carried out in 2007, 2009, 2012, and 2017. The results show that both males and females would on average be willing to pay a positive amount to move from obesity to normal weight, albeit a varying amount by income group. The CIV for moving from obesity to normal weight among males for the low-, medium-, and high-income groups are $18,022, $25,768, and $632,002 per year. In comparison the same results for females are $9,191, $16,239, and $95,494. However, only females show a positive willingness to pay for not being overweight. The CIV for overweight females for the three income groups is $3,608, $6,375, and $37,488 per year.
dc.description.sponsorship The authors gratefully acknowledge financial support from The Icelandic Research Fund [grant number 184975] and the University of Iceland Research Fund.
dc.language.iso en
dc.relation.ispartofseries Applied Economics;53(20)
dc.rights info:eu-repo/semantics/openAccess
dc.subject Heilsuhagfræði
dc.subject Offita
dc.subject.mesh Health economics
dc.title The Value of Normal Body Weight: Evidence from Iceland
dc.type info:eu-repo/semantics/article
dc.description.version Pre-print (óritrýnt handrit)
dc.identifier.journal Applied Economics
dc.identifier.doi https://doi.org/10.1080/00036846.2020.1859450
dc.relation.url https://www.tandfonline.com/doi/abs/10.1080/00036846.2020.1859450
dc.contributor.department Hagfræðideild (HÍ)
dc.contributor.department Faculty of Economics (UI)
dc.contributor.school Félagsvísindasvið (HÍ)
dc.contributor.school School of Social Sciences (UI)

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