Analysis Of Changes In The Structure Of Household Finances Related To Having A Child - Valuation Of Loss Of Benefits

Abstract

The term "significant personal injury" is understood as the loss of health related to dependence or death. Such damage may occur as a result of an accident, in particular caused by the fault of a third party. In the event of a civil liability, the perpetrator of the damage is obliged to remedy any of its consequences. Therefore, for several years, we analyse the economic impact of personal injury.

There is a clear loss for the household in the event of loss of the breadwinner. The damage is usually understood as the lack of income that was previously generated by the accident victim, and the reason for this loss is inability to work. But the loss also arises in the case of a loss of a household member who currently does not generate any income. Therefore the subject should be understood more broadly.

This article deals with the injury that affects the mother in the event of the death of the child. The problem is analysed only in terms of selected aspects of costs incurred by a household in connection with the birth and upbringing of a child, in particular related to lost benefits including related to the loss of spare time and changes in the career path. A valuation model for both these elements was proposed and illustrated with calculations for the Polish market.