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Valuing lives equally: Distributional weights for welfare analysis

Article ID Journal Published Year Pages File Type
5062740 Economics Letters 2006 4 Pages PDF
Abstract

Distributional weights for welfare analysis are proposed based on two axioms: (1) all lives are equally valued, (2) the monetary value of a person's life is her own valuation. This implies weights proportional to the reciprocals of the values of statistical lives.

Keywords
D63D60D61Value of lifeCost–benefit analysisSocial welfareDistributional weights
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Valuing lives equally: Distributional weights for welfare analysis
Authors
E. Somanathan,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
D63
D60
D61
Value of life
Cost–benefit analysis
Social welfare
Distributional weights
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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