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Valuing A Life: An Assessment from Metro Manila

Author

Listed:
  • Rosalina Palanca Tan

    (Department of Economics, Ateneo de Manila University)

Abstract

Many environmental policies and programmes help save people's lives. However, it can be difficult to assign this key benefit a value.' Because of this, mortality reduction is often not taken into account when potential projects are assessed. This omission can result in projects being undervalued and cancelled. To try and help fill this crucial information gap, a new EEPSEA study from the Philippines has calculated a 'value of life' estimate for children in Metro Manila of between US$0.70 million and US$o.80 million.

Suggested Citation

  • Rosalina Palanca Tan, 2008. "Valuing A Life: An Assessment from Metro Manila," EEPSEA Policy Brief pb2008081, Economy and Environment Program for Southeast Asia (EEPSEA), revised Aug 2008.
    • Handle: RePEc:eep:pbrief:pb2008081
    as

    Download full text from publisher

    File URL: http://www.eepsea.org/pub/pb/12179069221Lina_TanPB4.pdf
    File Function: First version, 2008
    Download Restriction: no
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    More about this item

    Keywords

    Value of life; Manila;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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