J. Iñaki De la Peña
Miguel A. Peña-Cerezo
University of the Basque Country (UPV/EHU)
Olga Fotinopoulou
University of the Basque Country (UPV/EHU)
Traffic accidents leave lifelong after-effects and if the victim is disabled, they produce a production loss due to the differential in income that will be lost. This average value is very divergent in European countries, although there is consensus on cost components and valuation methods. However, many countries have legally standardised financial compensation so that it is calculated objectively and equitably for all those affected. This paper sets out the procedure for standardising the lost production cost of incapacitated road accident victims. An actuarial methodology relating to known inputs (age and salary) is used to obtain economic compensation for lost productivity. General principles and hypotheses are provided, and cases that require particular valuation are located. The standard cost thus calculated allows a homogeneous, fair and equitable compensation for all those involved in similar circumstances.
Herbst AJ. The cost of medical and rehabilitation care for road accident victims at public hospitals. In: Report of the road accident fund commission. 2002. Pretoria: Ministry of Transport. Available from: http://docplayer.net/927556-Annexure-j-the-cost-of-medical-and-rehabilitation-care-for-road-accident-victims-at-public-hospitals.html [Accessed 18th January 2019].
Dalal K, Svanström L. Economic burden of disability adjusted life years (DALYs) of injuries. Health. 2015;7(4): 487-494. Available from: doi:10.4236/health.2015.74058 [Accessed 18th January 2019].
Dalal K, Janson B. Cost calculation and economic analysis of violence in low-income country: A model for India. African Safety Promotion: A Journal of Injury and Violence Prevention (ASP). 2007;5(1): 45-56.
EC-European Commission. Towards a European Road Safety Area: Policy Orientations on Road Safety 2011–2020. Brussels: European Commission; 2010. Available from: https://ec.europa.eu/transport/road_safety/sites/roadsafety/files/
Guest Editor: Eleonora Papadimitriou, PhD
Editors: Marko Matulin, PhD, Dario Babić, PhD, Marko Ševrović, PhD
The mission of our journal is to provide high quality communication of research results, which is crucial for the effectiveness of scientific research, the promotion of scientific information, new ideas, and original research in the field of traffic and transportation engineering.
1848-4069
0353-5320
Proud publisher
Accelerating Discoveries in Traffic Science |
2024 © Promet - Traffic&Transportation journal
