Published: 2015-02-13

The value of human life: a comparative analysis of evaluation methods for costs of road occurrences

Agata Jaździk-Osmólska

Abstract

The present paper outlines generally adopted and universally applied methodological assumptions of the evaluation of road accidents costs in the member states of the European Union. The valuation of road occurrences is recommended by means of EU directives as an essential element of safety processes of the road traffic. However, the level of data accessibility in individual member states has an effect on valuation details and the subjective scope of component categories of road accident unit costs. That is why the value of road accident costs is one of the least authoritative parameters because it is really difficult to compare its values coming from separate countries. The most significant evaluation element of accident costs has exactly humanistic dimension because it is about the valuation of non-material effects in the form of pain, sufferings, and finally the social exclusion. The paper elaborates essential problems related to the evaluation of basic categories of road accident costs (selected with regard to the data accessibility) and presents a couple of selected crucial categories of cost valuation in a social context including the value of human life.

Keywords:

methods of valuation of road accidents costs, unit cost of road accident costs, value of human capital, value of human life

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Jaździk-Osmólska, A. (2015). The value of human life: a comparative analysis of evaluation methods for costs of road occurrences. Roads and Bridges - Drogi I Mosty, 13(4), 321–336. https://doi.org/10.7409/rabdim.014.020

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