Table 3. Economic benefit of reducing injury mortality.
Total economic benefit by income group | |||
Income Group | Human capital approach, in USD billions (% of total GNI) | VSL approach, in USD billions | |
[0,0,0] | [3,1,β] | [3,1,] | |
Low | 28.8–28.9 (3.09–3.10) | 14.3–14.8 (1.53–1.58) | 14.6–14.8 |
Lower Middle | 181.5–183.1 (1.99–2.01) | 88.6–96.3 (0.97–1.06) | 169.0–174.0 |
Upper Middle | 310.1–296.5 (1.17–1.23) | 142.2–150.3 (0.56–0.60) | 569.2–602.6 |
LMICs | 520.4–508.5 (1.44–1.47) | 245–261.4 (0.69–0.74) | 758.0–786.3 |
High | 95.5–94.2 (0.22–0.23) | 39–50.3 (0.09–0.12) | 329.2–348.6 |
World | 616–602.7 (0.78–0.80) | 284–311.7 (0.37–0.40) | 1,106.6–1,115.5 |
Economic benefit is reported as a range. Economic benefit calculated by the human capital approach is reported without discounting or age weighting (0,0,0), and with discounting of 3% and age weighting to a peak at age 25 years, or β = 0.04 (3,1, β). The percentage of the total GNI for each income group is reported in parentheses below the range of estimates. Economic benefit calculated by the VSL approach is reported only with discounting of 3% and age weighting to a peak at two-thirds the standard life expectancy at birth, or β = 0.017 [3,1,].