Utility Functions that Depend on Health Status: Estimates and Economic Implications
估计了依赖于健康状况的效用函数，发现工伤会降低效用和收入的边际效用，并检验了风险估值的经济预测。
Taylor's series and logarithmic estimates of health state-dependent utility functions both imply that job injuries reduce one's utility and marginal utility of income, thus rejecting the monetary loss equivalent formulation. Injury valuations have unitary income elasticity, and the valuation of nonincremental risk changes and effects of base risks follow economic predictions. Copyright 1990 by American Economic Association.