Discovery Projects - Grant ID: DP0345684

Funding Activity

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Funded Activity Summary

Development of a Value of Life Framework to Assist Priority Setting Decision Making Across Sectors. The techniques used to evaluate life-saving interventions differ between health and other sectors. In health cost-effectiveness or cost-utility anlaysis is common, avoiding specification of a value for life. In contrast the transport and environment sectors use cost-benefit analysis and value life in monetary terms. This duality of approaches has resulted in a lower implicit value of life in the health sector. The research will explore these differences and attempt to identify key attributes that influence how life is valued, to provide a framework for a single approach to the valuation of life, and the more efficient allocation of resources cross-sectorally.

Funded Activity Details

Start Date: 03-01-2003

End Date: 31-12-2006

Funding Scheme: Discovery Projects

Funding Amount: $193,000.00

Funder: Australian Research Council