Cargando…

Valuing Human Impact of Natural Disasters: A Review of Methods

This paper provides a comprehensive set of methodologies that have been used in the literature to give a monetary value to the human impact in a natural disaster setting. Four databases were searched for relevant published and gray literature documents with a set of inclusion and exclusion criteria....

Descripción completa

Detalles Bibliográficos
Autores principales: Kharb, Aditi, Bhandari, Sandesh, Moitinho de Almeida, Maria, Castro Delgado, Rafael, Arcos González, Pedro, Tubeuf, Sandy
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2022
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9517194/
https://www.ncbi.nlm.nih.gov/pubmed/36141766
http://dx.doi.org/10.3390/ijerph191811486
_version_ 1784798878750474240
author Kharb, Aditi
Bhandari, Sandesh
Moitinho de Almeida, Maria
Castro Delgado, Rafael
Arcos González, Pedro
Tubeuf, Sandy
author_facet Kharb, Aditi
Bhandari, Sandesh
Moitinho de Almeida, Maria
Castro Delgado, Rafael
Arcos González, Pedro
Tubeuf, Sandy
author_sort Kharb, Aditi
collection PubMed
description This paper provides a comprehensive set of methodologies that have been used in the literature to give a monetary value to the human impact in a natural disaster setting. Four databases were searched for relevant published and gray literature documents with a set of inclusion and exclusion criteria. Twenty-seven studies that quantified the value of a statistical life in a disaster setting or discussed methodologies of estimating value of life were included. Analysis highlighted the complexity and variability of methods and estimations of values of statistical life. No single method to estimate the value of a statistical life is universally agreed upon, although stated preference methods seem to be the preferred approach. The value of one life varies significantly ranging from USD 143,000 to 15 million. While an overwhelming majority of studies concern high-income countries, most disaster casualties are observed in low- and middle-income countries. Data on the human impact of disasters are usually available in disasters databases. However, lost lives are not traditionally translated into monetary terms. Therefore, the full financial cost of disasters has rarely been evaluated. More research is needed to utilize the value of life estimates in order to guide policymakers in preparedness and mitigation policies.
format Online
Article
Text
id pubmed-9517194
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher MDPI
record_format MEDLINE/PubMed
spelling pubmed-95171942022-09-29 Valuing Human Impact of Natural Disasters: A Review of Methods Kharb, Aditi Bhandari, Sandesh Moitinho de Almeida, Maria Castro Delgado, Rafael Arcos González, Pedro Tubeuf, Sandy Int J Environ Res Public Health Review This paper provides a comprehensive set of methodologies that have been used in the literature to give a monetary value to the human impact in a natural disaster setting. Four databases were searched for relevant published and gray literature documents with a set of inclusion and exclusion criteria. Twenty-seven studies that quantified the value of a statistical life in a disaster setting or discussed methodologies of estimating value of life were included. Analysis highlighted the complexity and variability of methods and estimations of values of statistical life. No single method to estimate the value of a statistical life is universally agreed upon, although stated preference methods seem to be the preferred approach. The value of one life varies significantly ranging from USD 143,000 to 15 million. While an overwhelming majority of studies concern high-income countries, most disaster casualties are observed in low- and middle-income countries. Data on the human impact of disasters are usually available in disasters databases. However, lost lives are not traditionally translated into monetary terms. Therefore, the full financial cost of disasters has rarely been evaluated. More research is needed to utilize the value of life estimates in order to guide policymakers in preparedness and mitigation policies. MDPI 2022-09-13 /pmc/articles/PMC9517194/ /pubmed/36141766 http://dx.doi.org/10.3390/ijerph191811486 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Review
Kharb, Aditi
Bhandari, Sandesh
Moitinho de Almeida, Maria
Castro Delgado, Rafael
Arcos González, Pedro
Tubeuf, Sandy
Valuing Human Impact of Natural Disasters: A Review of Methods
title Valuing Human Impact of Natural Disasters: A Review of Methods
title_full Valuing Human Impact of Natural Disasters: A Review of Methods
title_fullStr Valuing Human Impact of Natural Disasters: A Review of Methods
title_full_unstemmed Valuing Human Impact of Natural Disasters: A Review of Methods
title_short Valuing Human Impact of Natural Disasters: A Review of Methods
title_sort valuing human impact of natural disasters: a review of methods
topic Review
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9517194/
https://www.ncbi.nlm.nih.gov/pubmed/36141766
http://dx.doi.org/10.3390/ijerph191811486
work_keys_str_mv AT kharbaditi valuinghumanimpactofnaturaldisastersareviewofmethods
AT bhandarisandesh valuinghumanimpactofnaturaldisastersareviewofmethods
AT moitinhodealmeidamaria valuinghumanimpactofnaturaldisastersareviewofmethods
AT castrodelgadorafael valuinghumanimpactofnaturaldisastersareviewofmethods
AT arcosgonzalezpedro valuinghumanimpactofnaturaldisastersareviewofmethods
AT tubeufsandy valuinghumanimpactofnaturaldisastersareviewofmethods