Monetary value of human life

Keyword(s):  
EDIS ◽  
2017 ◽  
Vol 2017 (3) ◽  
Author(s):  
Shelly A. Johnson ◽  
Timm Kroeger ◽  
Josh Horn ◽  
Alison E. Adams ◽  
Damian C. Adams

Animals in Florida provide a variety of benefits to people, from recreation (fishing, hunting, or wildlife viewing) to protection of human life and property (oysters and corals provide reef structures that help protect coasts from erosion and flooding). By measuring the economic value of these benefits, we can assign a monetary value to the habitats that sustain these species and assess the value that is lost when development or other human-based activities degrade animal habitat. This 5-page fact sheet presents the results of a study that assessed the value of protecting five animal species in Florida and showed the economic value of protecting animal habitat.


BMJ ◽  
1978 ◽  
Vol 1 (6105) ◽  
pp. 105-105
Keyword(s):  

2020 ◽  
Vol 2 ◽  
pp. 44
Author(s):  
Joses Muthuri Kirigia ◽  
Rose Nabi Deborah Karimi Muthuri ◽  
Lenity Honesty Kainyu Nkanata

Background:  This study aimed to appraise the monetary value of human life losses associated with COVID-19 in Turkey. To our knowledge, it is the first study in Turkey to value human life losses associated with COVID-19.  Methods: A human capital approach (HCA) model was applied to estimate the total monetary value of the 4,807 human lives lost in Turkey (TMVHL) from COVID-19 by 15 June 2020. The TMVHL equals the sum of monetary values of human lives lost (MVHL) across nine age groups. The MVHL accruing to each age group is the sum of the product of discount factor, years of life lost, net GDP per capita, and the number of COVID-19 deaths in an age group. The HCA model was re-calculated five times assuming discount rates of 3%, 5%, and 10% with a national life expectancy of 78.45 years; and the world highest life expectancy of 87.1 years and global life expectancy of 72 years with 3% discount rate. Results: The 4807 human life losses from COVID-19 had a TMVHL of Int$1,098,469,122; and a mean of Int$228,514 per human life. Reanalysis with 5% and 10% discount rates, holding national life expectancy constant, reduced the TMVHL by Int$167,248,319 (15.2%) and Int$ 429,887,379 (39%), respectively. Application of the global life expectancy reduced the TMVHL by 36.4%, and use of world highest life expectancy increased TMVHL by 69%. However, the HCA captures only the economic production losses incurred as a result of years of life lost. It ignores non-market contributions to social welfare and the adverse effects of economic activities. Conclusions: Additional investment is needed to bridge the persisting gaps in International Health Regulations capacities, Universal Health Coverage, and safely managed water and sanitation services.


BMJ ◽  
1978 ◽  
Vol 1 (6105) ◽  
pp. 105-105
Author(s):  
J S Robertson
Keyword(s):  

BMJ ◽  
1977 ◽  
Vol 2 (6103) ◽  
pp. 1627-1629 ◽  
Author(s):  
W I Card ◽  
G H Mooney
Keyword(s):  

Curationis ◽  
1978 ◽  
Vol 1 (2) ◽  
Author(s):  
S.C. Mukheibir

All aspects of intensive care — intensive coronary care, intensive post-operative care, post-traumatic intensive care, and so on — are justified on the assumption that human life is valuable and that this value cannot be measured in terms, for example, of cost. Similar exertions are not expended on what might be called subhuman species unless a particular value has been placed on them — usually a monetary value when dealing, say, with a racehorse with stud potential, or a trained dolphin with entertainment potential, and sometimes a scientific value, when a laboratory animal's continued survival is thought to justify extraordinary measures.


2020 ◽  
Vol 4 (5) ◽  
pp. 449-452
Author(s):  
Alan MacLeod ◽  
Nicola Spence

COVID 19 has raised the profile of biosecurity. However, biosecurity is not only about protecting human life. This issue brings together mini-reviews examining recent developments and thinking around some of the tools, behaviours and concepts around biosecurity. They illustrate the multi-disciplinary nature of the subject, demonstrating the interface between research and policy. Biosecurity practices aim to prevent the spread of harmful organisms; recognising that 2020 is the International Year of Plant Health, several focus on plant biosecurity although invasive species and animal health concerns are also captured. The reviews show progress in developing early warning systems and that plant protection organisations are increasingly using tools that compare multiple pest threats to prioritise responses. The bespoke modelling of threats can inform risk management responses and synergies between meteorology and biosecurity provide opportunities for increased collaboration. There is scope to develop more generic models, increasing their accessibility to policy makers. Recent research can improve pest surveillance programs accounting for real-world constraints. Social science examining individual farmer behaviours has informed biosecurity policy; taking a broader socio-cultural approach to better understand farming networks has the potential to change behaviours in a new way. When encouraging public recreationists to adopt positive biosecurity behaviours communications must align with their values. Bringing together the human, animal, plant and environmental health sectors to address biosecurity risks in a common and systematic manner within the One Biosecurity concept can be achieved through multi-disciplinary working involving the life, physical and social sciences with the support of legislative bodies and the public.


Author(s):  
James G. Dwyer
Keyword(s):  

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