What’s the value of a life?

In Cost-Benefit Analysis, you’re always having to answer unanswerable questions, such as “How much does the government NOT have to pay in healthcare if we teach people to take care of themselves?” or “What’s the dollar value of a high school diploma?”  The trickiest one, of course, is the value of a life.

This short article highlights Alabama’s attempt to explain all these complexities to mommas who want their kids to have seatbelts.  Given recent deaths in school bus accidents in the state, it’s understandable.

When it comes to cost versus safety, where do we draw the line?  I’m inclined to agree with the analysis stating that no seatbelts are more cost effective.  Then again, I’m the one citing statistics and telling myself “This is safer than a car…” every time I get on an airplane.

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