Published in: Journal of Health Economics, v. 20, no. 1, 2001, p. 141-143
Posted on RAND.org on January 01, 2001
This article was published outside of RAND. The full text of the article can be found at the link above.
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.
This article was published outside of RAND. The full text of the article can be found at the link above.
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