Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/71851 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Working Papers in Economics and Finance No. 2010-11
Verlag: 
University of Salzburg, Department of Social Sciences and Economics, Salzburg
Zusammenfassung: 
This paper provides a framework to evaluate human life based on civil court decisions on damages for pain and suffering. Using judgements from Germany and Austria over the last 25 years, we calculate an average Value of Damages for Pain and Suffering (VDPS) of about EUR 1.79 millions, with a minimum (maximum) of around EUR 0.67 (4.62) millions. Our approach also allows to calculate the value of body parts and body functions, which might be of interest if information on the benefit of an individual's change in life quality is not (entirely) available.
Schlagwörter: 
Pain and suffering
Value of Statistical Life (VSL)
Quality Adjusted Life Years (QALY)
tort law
JEL: 
I10
J17
K13
Dokumentart: 
Working Paper

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