Assessment of damage from reduction of expected lifespan due to cancer

Boris Korobitsyn (), Aleksandr Kuklin (), Igor Manzhurov () and Natalya Nikulina ()
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Aleksandr Kuklin: Institute of Economics of the Ural Branch of the Russian Academy of Sciences
Natalya Nikulina: Institute of Economics of the Ural Branch of Russian Academy of Sciences

Economy of region, 2013, vol. 1, issue 3, 257 - 264

Abstract: This paper presents the theoretical and methodological approaches to the assessment of damage from premature mortality and reduction of life expectancy due to various reasons. The concepts measuring the price of a human life are analyzed: the evaluation from the standpoint of the theory of human capital; indirect estimation taking into account non-monetary social costs; evaluation of individuals’ willingness to pay for the elimination of the risk of death; estimation based on the determination of insurance premiums and compensations under court decision; evaluation of the social investments, aimed to reduce the risk of premature mortality of the individual. The following indexes were calculated for all subordinate entities of the Russian Federation: reduction of life expectancy, lost years of potential life in the working age, and gross regional product lost due to the reduction of years of potential life in the working-age population as a result of cancer.

Keywords: economic evaluation of a human life; damage from premature mortality; life expectancy; lost years of potential life (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ura:ecregj:v:1:y:2013:i:3:p:257-264

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