Notes
Notes

This site employs a simple utilitarian model to calculate your worth. If you want to cite this site, use this citation. We will be posting a detail paper soon.

Zeeshan-ul-hassan Usmani, "Life, Earnings and Beyond", Working Paper, March 2009

 Here is the basic model.

Where

I           =          Income Per Capita
E          =          Expense Per Capita
g          =          Growth Rate
r           =          Rate of Return 
LE        =          Life Expectancy
QoL     =          Quality of Life Index
 
The values of parameters for each country is available at Countries Page.

Human cost of few world incidents

Recommended Text:

  1.  Bateman, Ian J., Lovett, Andrew A., and Brainard, Julii S., “Applied Environmental Economics: A GIS Approach to Cost-Benefit Analysis”, Cambridge University Press, June 2003
  2. Ashenfelter, Orley, “Measuring the Value of a Statistical Life: Problems and Prospects”, NBER Working Paper Series, Paper # 11916, 2006
  3. Baumohl, Bernard, “The Secrets of Economic Indicators – Hidden Clues to Future Economic Trends and Investment Opportunities”, Second Edition, Wharton School Publishing, September 2007
  4. Blomqusit, Glenn, C. “Self Protection and Averting Behavior, Values of Statistical Lives, and Benefit Cost Analysis of Environmental Policy”, Review of Economics of the Household, December 2003
  5. Boardman, Anthony E., Greenberg, David H., Vining, Aidan R., and Weimer, David L., “Cost-Benefit Analysis: Concepts and Practice”, “Chapter 10 – The Social Discount Rate”, Second Edition, Prentice Hall, 2000.
  6. Brannon, Ike, “What Is a Life Worth”, Regulations, Winter 2004-2005
  7. Central Intelligence Agency (CIA), The World Fact book, Last accessed on October 10th 2008 https://www.cia.gov/library/publications/the-world-factbook/
  8. Dranove, David, “What's Your Life Worth?: Health Care Rationing... Who Lives? Who Dies? And Who Decides?”, Financial Times Press, March 2003
  9. Dsagupta, Partha, “Economics – A Very Short Introduction”, Oxford University Press, 2007
  10. Feinberg, Kenneth, “What Is Life Worth?: The Inside Story of the 9/11 Fund and Its Effort to Compensate the Victims of September 11th”, Public Affairs Publisher, August 2006
  11. Feldman, Allan M., “Discounting in Forensics Economics”, Journal of Forensic Economics 3(2), 1990, pp. 65-67
  12. Felman, Allan M, and Serrano, Roberto, “Welfare Economics and Social Choice Theory”, “Chapter 11 – Life and Death Choices”,  2nd Edition, Springer, 2006
  13. Finkelstein, Eric A. et al. “The Incidence and Economic Burden of Injuries in the United States”, Oxford University Press, 2006
  14. Harou, Patrice, Bellu, Lorenzo Giovanni, Cistulli, Vito, and Markandya, Anil., “Environmental Economics for Sustainable Growth: A Handbook for Practitioners”, Edward Elgar Publishing, 2002.
  15. Horowitz, John K & Carson, Richard T,. "Discounting Statistical Lives," Journal of Risk and Uncertainty, Springer, vol. 3(4), December 1990, pp. 403-13.
  16. Krupnick, Alan, “Mortality-risk Valuation and Age: Stated Preference Evidence”, Review of environmental Economics and Policy, Volume 1, Issue 2, Summer 2007, pp. 261-282
  17. Moore, Michael and Viscussi, Kip W., “Doubling the Estimated Value of Life: Results Using New Occupational Fatality Data”, Journal of Policy Analysis and Management, Vol 7, No 3, 476-490 (1988)
  18. Ripley, Amanda., “WTC Victims: What’s A Life Worth?”, Time Magazine, February 6, 2002.
  19. Roy, Patrick, Le., “Liability and Compensation for Bodily Injury Under Islamic Law”, GenRe September 2005
  20. Sarah Burd-Sharps, Kristen Lweis and Eduardo Borges Martins, “The Measure of America – American Human Development Report 2008-2009”, Columbia University Press, 2008