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. Author manuscript; available in PMC: 2014 Sep 25.
Published in final edited form as: Health Econ. 2010 Oct;19(10):1193–1211. doi: 10.1002/hec.1545

Table II.

Correlations Between the Willingness-to-pay (from the open-ended question) and Human Capital Method Values of Time

Human Capital Method
Time interval valued, hourly value used
Correlation with WTP p*
National average wage
Prep to routine time, (mean $743, range $298–$2197) −0.09 0.42
Occupied time, (mean $432, range $244–$1643) 0.06 0.56
Dedicated time, (mean $81, range $23–$258) −0.19 0.07
Hourly income
Prep to routine time, (mean $1147, range $70–$4441) 0.32 0.003
Occupied time, (mean $702, range $74–$3598) 0.42 <0.001
Dedicated time, (mean $122, range $11–$303) 0.29 0.008
*

Spearman’s

Note: Mean WTP from the open-ended question was $263 (median $200, range $0–$2000, n=99 responses). On the payment-scale WTP question, 14% of subjects selected <$50, 20% chose $50–$99, 33% chose $100–$249, 24% chose $250–$499, 6% chose $500–$999, and 4% chose $1000 or more.