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The subjective costs of health losses due to chronic diseases : an alternative model for monetary appraisal

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dc.creator van Praag, Bernard M. S.
dc.creator Ferrer-i-Carbonell, Ada
dc.date 2001
dc.date.accessioned 2013-10-16T06:59:04Z
dc.date.available 2013-10-16T06:59:04Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/18246
dc.identifier ppn:33666771X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/18246
dc.description This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in health status. The paper presents estimates of the equivalent income change that would be necessary to change general satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income equivalent of health changes. Next, the health satisfaction changes are linked to specific diseases in order to estimate the income equivalent for various diseases. This method uses answers to well-being and health satisfaction questions as posed in a large German data set. We distinguish between workers and non-workers and between inhabitants of East- and West- Germany. We find, for instance, that for West-workers hearing impediments are on average equivalent to an income reduction of about 20%, and that heart blood difficulties are for the same group equivalent to a 47% income reduction.
dc.language eng
dc.publisher Deutsches Institut für Wirtschaftsforschung (DIW) Berlin
dc.relation DIW-Diskussionspapiere 262
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject I12
dc.subject I10
dc.subject ddc:330
dc.subject chronic diseases
dc.subject equivalent income
dc.subject health damages
dc.subject health satisfaction
dc.subject well-being
dc.subject Krankheit
dc.subject Kosten-Nutzen-Analyse
dc.subject Gesundheit
dc.subject Einkommen
dc.subject Lebensqualität
dc.subject Schätzung
dc.subject Deutschland
dc.subject Chronische Krankheit
dc.subject Lebenszufriedenheit
dc.subject equivalent income
dc.title The subjective costs of health losses due to chronic diseases : an alternative model for monetary appraisal
dc.type doc-type:workingPaper


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