Economic assessment of human life as a diagnostic indicator of the crisis phenomena

Abstract

In the paper to reveal the essence of the term “economic assessment of human life” the methodological approaches used in the economic theory and estimation theory are applied, the categorical apparatus revealing the meaning of the economic cost, price and value of human life is created. To define the cost of human life, the income, cost-based, and comparative approaches are analyzed. Various types of living costs depending on the purpose of assessment application are allocated. For the state purposes and definition of social payments, the concept of cadastral value of human life is introduced. The introduction of the macroeconomic indicator reflecting level and quality of life in the country is substantiated. The author's technique of the economic assessment of human life is given in the article and is approved on the example of the Russian Federation. Besides, the interrelations between manifestations of the crisis phenomena and their tendencies in society, quality of life and a size of life assessment at the calculation of regional coefficients for an assessment of risks to the citizens' life or health are revealed.