Join Login

Perhaps the most controversial aspect of valuation is the attempt to ascribe a financial value to a human life. Understandably, for ethical, religious or philosophical reasons, many people oppose the valuation of something commonly perceived as priceless, and argue that no monetary figure could possibly compensate entirely for the loss of a life.

Despite the reluctance of some, determining the value of a life is necessary for policy makers and those involved in health and safety. As resources are finite and not every premature death can be realistically avoided, decisions in improving public health through medical procedures or safety regulations are being made. Without this information it may be difficult to target spending and resources effectively.

This document first appeared as a blog on the Global Value Exchange.

Download Resource

Blog

Announcing Deepa Walawalkar as an Associate Practitioner!
Social Value International is proud to announce that Deepa Walawalkar has successfully attained status as a Social Value Practitioner, Level 1: Associate…
Eleri Lloyd Becomes SVI’s Latest Accredited Trainer!
Social Value International is proud to announce that Eleri Lloyd, Social Value Manager at Mantell Gwynedd is the latest person to achieve status…
Announcing Social Value UK Community Groups
Social Value Community Groups provide members of Social Value UK the opportunity to come together and connect with other members who hold similar interests,…