13.09.2014 Views

Keith Vodden Dr. Douglas Smith - Transports Canada

Keith Vodden Dr. Douglas Smith - Transports Canada

Keith Vodden Dr. Douglas Smith - Transports Canada

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Appendix C—The Value of Human Consequences using Discounted Future Earnings<br />

Eh s (n)<br />

g<br />

r<br />

= proportion of the population of sex s and age n that are<br />

keeping house<br />

= rate of increase of labour productivity (variable, set at 1% to<br />

yield the summary data presented below)<br />

= is the real discount rate (variable, set at 4% to yield the<br />

summary data presented below)<br />

PV morbidity =<br />

99<br />

∑ P i y,s(n) D(n) [Y s(n) Es(n) + Y h s(n) E h s(n)]<br />

n=y<br />

365<br />

x (l+g) n-y<br />

(l+r)n-y<br />

where: PV morbidity = presented discounted value of earnings losses due to injury per<br />

person<br />

D(n)<br />

Pi y,s (n)<br />

n<br />

Ys(n)<br />

Es(n)<br />

Yh s (n)<br />

Eh s (n)<br />

= days restricted activity during the year of a person currently<br />

age n<br />

= probability that a person of sex s with injury i acquired at age<br />

y will survive to age n<br />

= future age of the individual (years of age over which the<br />

individual is deemed to have lost earnings and household<br />

production)<br />

= mean annual earnings of an employed person of sex s and age<br />

n including value of fringe benefits<br />

= proportion of the population of sex s and age n that are<br />

employed in the labour market<br />

= mean annual imputed value of homemaking services of a<br />

person of sex s and age n<br />

= proportion of the population of sex s and age n that are<br />

keeping house<br />

TNS Canadian Facts, Social and Policy Research 169

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!