Monday, March 31, 2008

New Zealanders worth much more than Australians

Road deaths in New Zealand numbered 442 at the end of February 2008. According to the DomPost,

The costs are huge - over $4 billion a year, equal to about a third of Government spending on health.

That's $9 million per death.

Let's double-check that. According to the Ministry of Transport in 2001,

The estimated social cost of a road death in New Zealand is
$2.485 million.

That's $5.3 million per death. Looks like the DomPost used the cost of all accidents - not just deaths.

But look at the most recent research I can find from Australia. This breakdown put the cost at $2.92 billion for 1700 deaths in 1996;

Cost of crashes by injury category were:
Fatal crashes:
$2.92 billion
Serious injury crashes:
$7.15 billion
Minor injury crashes:
$2.47 billion
Property damage only crashes:
$2.44 billion


A diagramatic analysis is shown here. Apparently,

Each fatal road crash costs the community more than $1.7 million.

Why the huge anomaly? I haven't the time to figure it out. It sure as hell isn't inflation. All I know is that the difference amounts to some $3.6 million a life. How we manage to be so much more valuable than the Aussies is something of a mystery when we earn considerably less. Perhaps our bureaucrats (propagandists) are simply more ambitious.

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