Abstract: Currently，The human capital theory is widely used to calculate the value of lives, which reflects the value of the decedent’s life evaluated by other persons. The evaluation of their lives by the decedents themselves ex ante should be considered in the prevention and control of disasters. In this paper, it uses theory of hedonic price to get quantitative relationship between reducing the risk of death and willingness to pay from the model of wage determination, which is based on a survey of 5875 samples of underground workers from four coal miners. It calculates the money which the miners are willing to pay in order to reduce a death, namely, the value of statistical lives. The statistical value of lives can serve as an important basis for economic reasonableness of technology, which is used in the prevention and control of disasters.

Key words: Hedonic Price；Safety, Value of Lives