Abstract

CASTANO ZULUAGA, Andrés; CORREA REYES, Juan; ALVIS ESTRADA, Luis  and  ALVIS GUZMAN, Nelson. ECONOMIC VALUATION OF MORTALITY IN THE CARIBBEAN REGION OF COLOMBIA. Semest. Econ. [online]. 2013, vol.16, n.33, pp.155-180. ISSN 0120-6346.

This study estimates the economic value of mortality in the Caribbean region by the combination of two methods; potential years of life lost and human capital value of life. According to the obtained results, the potential years of life and the economic valuation for mortality have a generalized decreasing trend. This is mainly explained due to the reduction of deaths in infants less than one year old and ages between 15 and 44 years that the region has presented during the period 2004-2008. The economic impact of these deaths within departmental production also showed signs of decline, mostly explained by the upward trend in production (GDP) at the departmental level.

Keywords : Health economics; years of potential life lost; the value of life.

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