Development of a Value of Life Framework to Assist Priority Setting Decision Making Across Sectors

Project: Research

Project Details

Project Description

The techniques used to evaluate life-saving interventions differ between health and other sectors. In health cost-effectiveness or cost-utility anlaysis is common, avoiding specification of a value for life. In contrast the transport and environment sectors use cost-benefit analysis and value life in monetary terms. This duality of approaches has resulted in a lower implicit value of life in the health sector. The research will explore these differences and attempt to identify key attributes that influence how life is valued, to provide a framework for a single approach to the valuation of life, and the more efficient allocation of resources cross-sectorally.
StatusFinished
Effective start/end date1/01/0331/12/06

Funding

  • Australian Research Council (ARC): AUD193,000.00
  • Australian Research Council (ARC)