Methodology for Calculating Adverse Health Effects in Latvia

11th International Scientific Conference “Business and Management 2020”. Section: Actual Legal Issues for Business, Economics and Management 2020
Mihails Urbans, Jeļena Pundure, Vladimirs Jemeļjanovs

Calculating the value of life and adverse health effect is necessary for developing public policy in providing compensation to families of victims of fatal accidents; it is also needed to create reasonable safety measures for the public, and enable the functioning of life insurance and healthcare systems. No methods for assessing the value of life of a person have so far been developed in Latvia. The study was carried out to determine how much an average person’s life costs in the event of an accident associated with the early death of a person, as well as the possible inpatient medical care for the victim in Latvia and see the general adverse health effect calculation methods. The methods for estimating the value of life of an average person are very different, that is why authors make a comparison of the estimated value of life and the cost of medical treatment.

Keywords
average value of life, methods of calculation, assessment, accidents, emergencies, financial loss
DOI
10.3846/bm.2020.618
Hyperlink
https://www.webofscience.com/wos/woscc/full-record/WOS:000717052500021

Urbans, M., Malahova, J., Jemeļjanovs, V. Methodology for Calculating Adverse Health Effects in Latvia. In: 11th International Scientific Conference “Business and Management 2020”. Section: Actual Legal Issues for Business, Economics and Management, Lithuania, Vilnius, 7-8 May, 2020. Vilnius: VGTU Press, 2020, pp.194-201. ISBN 978-609-476-231-4. e-ISBN 978-609-476-230-7. ISSN 2029-4441. e-ISSN 2029-929X. Available from: doi:10.3846/bm.2020.618

Publication language
English (en)