Munich Personal RePEc Archive

Le calcul de la valeur statistique d'une vie humaine

Dionne, Georges and Lebeau, Martin (2010): Le calcul de la valeur statistique d'une vie humaine. Published in: L'Actualité économique , Vol. 86, No. 4 (1. December 2010): pp. 487-530.

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Abstract

Our society faces many risks that affect human life. Cost-benefit analysis is a very popular project-evaluation tool for reducing these social risks. The government has to set projects or regulations whose benefits will outweigh costs. It is quite easy to evaluate costs but how to evaluate the benefits linked to protecting human life? Since the 1970s, many values of life have been estimated with different methods. The wide variability of the results range from 0,5 million up to 50 million ($US, 2000). The main goal of this study is to analyze the source of this variability in results. We also want to determine a reasonable value for public decision making.

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