Value of human life

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Value of life (also known as value of statistical life).

In the U.S., one human life is worth roughly $10 million.[1][2] Folks who contributed to this measure:

  • W. Kip Viscusi, economist at Vanderbilt University
  • Kenneth Feinberg
  • Stefanos Zenios at Stanford Graduate School of Business[3]

Warren Prunella, economics professor at Canisius College, came up with one of the earliest calculations used in regulation in 1978.[4]

Amelia Thomson-DeVeaux. "What Should The Government Spend To Save A Life?" FiveThirtyEight, March 27, 2020.

Frank Partnoy. "The Cost of a Human Life, Statistically Speaking." The Globalist, July 21, 2012.

References

  1. ↑ Sarah Gonzalez. "How Government Agencies Determine The Dollar Value Of Human Life." NPR, April 23, 2020.
  2. ↑ Stephen J. Dubner. "Who Decides How Much a Life Is Worth?" Freakonomics, Ep.344, August 8, 2018.
  3. ↑ Kathleen Kingsbury. "The Value of a Human Life: $129,000." Time, May 20, 2008.
  4. ↑ Austin Frakt. "Putting a Dollar Value on Life? Governments Already Do." The New York Times, May 11, 2020.
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