Imagine a group of 100,000 people faces a 1 per cent risk of dying aged 30 to

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Imagine a group of 100,000 people faces a 1 per cent risk of dying aged 30 to 40, and a public intervention could eliminate this risk. More specifically, the intervention could be described as preventing 1,000 fatalities. These unknown 1,000 people whose early deaths are prevented would each gain, on average, 45 years of life expectancy. What is the benefit of the intervention if the monetary value for a statistical life-year is EUR 50,000?

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Related Book For  answer-question

Applied Welfare Economics

ISBN: 978-1032022185

2nd Edition

Authors: Massimo Florio ,chiara Pancotti

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