The value of remaining lifetime is close to estimated values of life

被引:5
作者
Keeler, EB [1 ]
机构
[1] RAND Corp, Santa Monica, CA 90407 USA
关键词
value of life; risk valuation;
D O I
10.1016/S0167-6296(00)00070-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
Workers under 50 on average will spend 10-20% of their future hours working. So, assuming they value leisure time at the wage rate, the value of their lives is 5-10 times their future lifetime earnings. This value is close to values of life estimated by compensating wage differentials or willingness to pay. (C) 2001 Elsevier Science B.V. All rights reserved. JEL classification: D61.
引用
收藏
页码:141 / 143
页数:3
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National Center for Health Statistics, 1996, VIT STAT US, VII
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