The value of remaining lifetime is close to estimated values of life.
Workers under 50 on average will spend 10-20% of their future hours working. So, assuming they value leisure time at the wage rate, the value of their lives is 5-10 times their future lifetime earnings. This value is close to values of life estimated by compensating wage differentials or willingness to pay.
Keeler
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RAND, 1700 Main St., Santa Monica, CA 90407-2138, USA. emmett@rand.org
D000328:Adult; D000368:Aged; D004651:Employment / Q000191:economics; D005260:Female; D006801:Humans; D008297:Male; D008722:Methods; D008875:Middle Aged; D012456:Salaries and Fringe Benefits; D014481:United States; D026712:Value of Life