In the Human Life Value Approach, what does economic worth refer to?

In the Human Life Value Approach, economic worth specifically refers to the future earnings of an individual designated for family support. This method calculates the financial value of an individual's life based on the income they are expected to earn until retirement, adjusted for factors such as inflation and the contributions that income would make towards sustaining a family.

This perspective emphasizes the importance of an individual's earning potential and the economic impact that their absence would have on their dependents. Therefore, the focus is on how much income an individual is projected to provide, rather than assets they may have already accumulated, the current market value of properties, or the intrinsic value of personal belongings.