Valuing A Life: An Assessment from Metro Manila
AbstractMany environmental policies and programmes help save people's lives. However, it can be difficult to assign this key benefit a value.' Because of this, mortality reduction is often not taken into account when potential projects are assessed. This omission can result in projects being undervalued and cancelled. To try and help fill this crucial information gap, a new EEPSEA study from the Philippines has calculated a 'value of life' estimate for children in Metro Manila of between US$0.70 million and US$o.80 million.
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Bibliographic InfoPaper provided by Economy and Environment Program for Southeast Asia (EEPSEA) in its series EEPSEA Policy Brief with number pb2008081.
Date of creation: Aug 2008
Date of revision: Aug 2008
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Value of life; Manila;
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-04-18 (All new papers)
- NEP-ENV-2009-04-18 (Environmental Economics)
- NEP-HAP-2009-04-18 (Economics of Happiness)
- NEP-HEA-2009-04-18 (Health Economics)
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