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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