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Discount Rate for Health Benefits and the Value of Life in India
2011
Economics Research International
Preserved Fulltext
This study contributes to the literature by estimating discount rate for 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 varies across regions ranging 2.4–5.1 percent, which is closer to the financial market rate for the study period. The estimated value of a statistical life is Rs. 20 (US $ 1.107) million. The
doi:10.1155/2011/191425
fatcat:46dpmybuebba3k55byon3bgvki