Table 1 Variables and the sources utilized for the model and tables

Estimated value of tangible death averted (V) for WWI

$194,155

Calculated via the model

Estimated value of tangible death averted (V) for WWII

$917,476

Calculated via the model

Average years until retirement for WWI (N)

45

Assuming retirement age of 70

McQuilton [8]

Average years until retirement for WWII (N)

40

Assuming retirement age of 66

Kennett [9]; U.S. Wings [10]

The average wage for military personnel during WWI (W)

$4,444

Estimated from the lower and upper limits

Broadberry & Harrison [14]

The average wage for military personnel during WWII (W)

$21,000

Estimated from the lower and upper limits

Department of Labor [15]; Palekar [16]

Represents the discount rate (r)

3%

The value of future wages lost discounted at 3%

Laufer [11]

WWI military deaths

Total: 9,721,937

Table 1 data

Mougel [39]; Britannica [38]

WWII military deaths

Total: 25,719,600

Table 2 data

The National WWII Museum [37]