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Table 5 Normalization coefficients by age group

From: Saving lives during the COVID-19 pandemic: the benefits of the first Swiss lockdown

 

(1)

(2)

 

Reference group:

Reference group:

Age

20–29

30–39

0–9

0.9126 = ϕ1,3

0.9302 = ϕ1,4

10–19

0.9514 = ϕ2,3

0.9697 = ϕ2,4

20–29

1 = ϕ3,3

30–39

0.9810 = ϕ4,3

1 = ϕ4,4

40–49

0.8557 = ϕ5,3

0.8723 = ϕ5,4

50–64

0.5936 = ϕ6,3

0.6050 = ϕ6,4

65–79

0.2729 = ϕ7,3

0.2781 = ϕ7,4

80+

0.0940 = ϕ8,3

0.0958 = ϕ8,4

  1. Note: This table reports the normalized coefficients obtained by taking the ratio between the value of statistical life of each age group and the value of statistical life of a reference group. The reference categories are represented by the age groups 20–29 and 30–39, namely those characterized by, respectively, the first and second highest values of statistical life