The Value of Remaining Lifetime Is Close to Estimated Values of LifeJournal of Health Economics (2001)
AbstractWorkers 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.
- Value of life,
- Risk valuation
Publication DateJanuary, 2001
Citation InformationEmmett B. Keeler. "The Value of Remaining Lifetime Is Close to Estimated Values of Life" Journal of Health Economics Vol. 20 Iss. 1 (2001)
Available at: http://works.bepress.com/emmett_keeler/7/