The Cost of Life Expectancy and the Implicit Social Valuation of Life
提出一种估算生命经济价值的新方法，利用跨国数据估计预期寿命与实际消费的关系，发现OECD国家挽救一条生命的成本是最贫困国家的1000倍，并讨论了伦理含义。
A new method of estimating the economic value of life is proposed. Using cross‐country data, an equation is estimated to explain life expectancy as a function of real consumption of goods and services. The associated cost function for life expectancy in terms of the prices of specific goods and services is used to estimate the cost of a reduction in age‐specific mortality rates sufficient to save the life of one person. The cost of saving a life in OECD countries is as much as 1000 times that in the poorest countries. Ethical implications are discussed.