Evaluating human life using court decisions on damages for pain and suffering
This paper provides a framework to evaluate human life based on court decisions on damages for pain and suffering. Using judgements from Germany and Austria over the last 25 years, we calculate an average Value of Damages for Pain and Suffering (VDPS) of about EUR 1.79 millions, with a minimum (maximum) of around EUR 0.67 (4.62) millions. These values are broadly in line with the ones from previous studies. However, our approach also allows to calculate the value of body parts and body functions, which might be of interest if information on the benefit of an individual’s change in life quality is not (entirely) available (e.g., decisions to provide specific health services).
|Date of creation:||15 Aug 2010|
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