Value Of Human Life In Dollars at Life

Value Of Human Life In Dollars. “based on international and australian research a credible estimate of the value of statistical life is $4.2 million and the value of statistical life year is $182,000 in 2014 dollars.” So, if our society has resolved to reduce life to dollars, what is your life worth?

How much is one human life worth? Office of management and budget puts the value of a human life in the range of $7 million to $9 million. If you take a dollar's worth of elements plus the value of your skin, you might be able to get $4.50, which you can round up to $5, so you can feel a bit better about your chemical value.

A crucial part of the answer is that clever economists estimate the value of a human life based on the choices we make about risky behavior: So, if our society has resolved to reduce life to dollars, what is your life worth? Not much, if you are a soldier in the u.s. The odds said that about 1 in 10,000 americans died on the job every year—a risk of 1/10,000.