Acta Universitatis Danubius. Œconomica, Vol 13, No 4 (2017)

Abstract

This work aim to propose a new method for monetary valuation of Statistical life. This approach is different from the existing ones in that moment because propose to link the Value of Statistical Life with to major economic indicators: Gross Domestic Product per capita and the Life Expectancy. Comparing the results obtained using the new formulas proposed in this work, with some other analysis made, at the international level, on the same purpose, the differences are not significant. The proposed method is more relevant and creates the possibility of adopting a unique value for the Value of Statistical Life at world level.