Skip to main content
padlock icon - secure page this page is secure

Recalculating the Economic Cost of Suicide

Buy Article:

$54.00 + tax (Refund Policy)

These authors argue that estimates of the net economic cost of suicide should go beyond accounting for direct medical costs and indirect costs from loss of earnings by those who commit suicide. There are potential savings from (a) not having to treat the depressive and other psychiatric disorders of those who kill themselves; (b) avoidance of pension, social security and nursing home care costs; and (c) assisted-suicide. By combining all of these costs and savings, it is concluded that the net economic cost of the 30,906 completed suicides in 1990 entailed an economic gain for the society of roughly $5.07 billion in year - 2005 dollars. This calculation does not include estimated costs due to the psychological pain and suffering of the survivors. Suicide should be prevented based on humane considerations, not on the economic cost involved.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Affiliations: 1: Department of Economics and International Business, Drexel University, Philadelphia, Pennsylvania, USA 2: Center for the Study of Suicide, Blackwood, New Jersey, USA

Publication date: April 1, 2007

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more