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

Authors
Keeler, EB
Citation
Eb. Keeler, The value of remaining lifetime is close to estimated values of life, J HEALTH EC, 20(1), 2001, pp. 141-143
Citations number
4
Categorie Soggetti
Economics
Journal title
JOURNAL OF HEALTH ECONOMICS
ISSN journal
01676296 → ACNP
Volume
20
Issue
1
Year of publication
2001
Pages
141 - 143
Database
ISI
SICI code
0167-6296(200101)20:1<141:TVORLI>2.0.ZU;2-L
Abstract
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 classifica tion: D61.