The hedonic method of valuing a human life:
A)is based on the "price" of accepting risk as revealed in compensating wage differentials
B)estimates the present value of the amount of wage and fringe benefits that would have been made had the worker not been killed
C)typically results in a value of between $500,000 and $700,000 per life lost
D)typically yields lower estimates than does the human capital approach

Question

Quizplus · Accepted Answer

The hedonic method of valifying a human life is based on the concept of compensating wage differentials, which reflects the additional amount of money workers require to accept jobs with higher risks of injury or death.

The Hedonic Method of Valuing a Human Life