 Discount Rate for Health Benefits and the Value of Life in IndiaWorking Papers from eSocialSciences Abstract: This study contributes to the literature by estimating discount rate for environmental health benefits and value of statistical life of workers in India. The discount rate is imputed from wage-risk trade-offs in which workers decide whether to accept a risky job with higher wages. The estimated real discount rate ranges between 2.7 and 3 percent, which is closer to the financial market rate for the study period and consistent with earlier studies from developed nations. The estimated value of life is Rs. 20 (US $ 1.107) million. The results of the study can aid policymakers, international agencies and other researchers in evaluating health projects in India and other developing countries. [WORKING PAPER 60/2011]. URL:[http://www.mse.ac.in/pub/WORKING%20PAPER%2060.pdf]. Keywords: Expected length of life; value of statistical life; time preference rate; India; developing countries; policymakers; international agencies; researchers; health projects; developed nations; international agencies; value of life; workers; wages; health benefits; wage-risk; trade-offs; Economic analyses; life saving policies; discount rate (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ess:wpaper:id:4524 Access Statistics for this paper More papers in Working Papers from eSocialSciences |
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