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Safety is the most basic and important human needs, not the health and life and everything else is meaningless after the event of a security incident, how the death of workers compensation is a matter of major social stability. For a long time, due to our human life seriously neglected in economic value, mercenary, resulting in China's production safety situation is grim. The a reasonable death compensation standard is based on the basis of the economic value of a reasonable person's life, therefore, to assess the economic value of human life, death compensation standards provide the basis imperative. However, in China, the study on the economic value of human life and of insufficient, has not yet formed a theoretical model of the system, the face of the grim situation of production safety, life economic assessment of the value of research, I hope to fatal accident compensation Standards provide a theoretical basis. This paper analyzes the common methods of the estimate of the value of life at home and abroad, traditional human capital approach, to improve the human capital approach, wage risk, the consumer market and the contingent valuation method, and cited the research achievements of scholars at home and abroad. Next, introduce the basic system of industrial injury insurance and death compensation standard exists in our country and show our current death compensation data from the discovery of the lower standard of compensation for death. Then, China's coal mining enterprises, for example, describes the safety situation of coal mining enterprises in China reveal the reality of China's coal mine enterprises of production safety accident-prone, more deaths, production safety situation is grim. Subsequently, the economic model of China's coal mining enterprises to derive the formula for calculation of the economic value of human life, human life and economic value of the enterprise product prices, output and other economic factors, as corporate product prices changes, and by analyzing the model found the safe production of coal mining enterprises in China the following problems: low standard of work injuries and death is not enough emphasis on corporate investment in safety, security, invest less and ineffective government oversight, but in general, people the lives of low economic value, lower employee death compensation is a fundamental problem of all problems. China in recent years, the production of coal mining enterprises, coal prices, investment in safety, the death toll, taxes, cost of production and other data for this fundamental problem, according to the formula of the economic value of the derivation of human life, and calculate the Mining Industry in China of human life economic value, on this basis, should increase the of death compensation standards and recommendations to improve the death compensation standard to establish a unified standard of compensation for death.
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