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Age-differentiated QALI Losses

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  • Bernard M.S. van Praag

    ()
    (University of Amsterdam)

  • Ada Ferrer-i-Carbonell

    ()
    (University of Amsterdam)

Abstract

In this paper we evaluate the QALY loss, which may be assigned to the prevalence of specific chronic illnesses and physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British Household Panel Survey data set. This question provides a natural cardinalization of health utility .Our method is a refinement of the method introduced by Cutler and Richardson (1997). We extend their approach in two directions. First, the health utility loss caused by a specific illness is allowed to have a different impact on individuals depending on their age. The empirical analysis shows that there are indeed significant age effects. The second extension deals with the cardinalization procedure chosen by Cutler and Richardson. They implicitly assume a linear effect of underlying explanatory variables on the evaluation of health. Instead, we suggest a more natural cardinalization, which does not exclude non-linearities.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 02-015/3.

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Date of creation: 08 Feb 2002
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Handle: RePEc:dgr:uvatin:20020015

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Keywords: Chronic Illnesses; Health Satisfaction; QALY loss; Subjective Health;

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  1. Andersson, Frederik & Konrad, Kai A., 2001. "Globalization and human capital formation," Discussion Papers, Research Unit: Market Processes and Governance FS IV 01-01, Social Science Research Center Berlin (WZB).
  2. Fredrik Andersson & Kai A. Konrad, 2002. "Human Capital Investment and Globalization in Extortionary States," CESifo Working Paper Series 703, CESifo Group Munich.
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  5. Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2000. "A Structural Model of Well-being: with an application to German Data," Tinbergen Institute Discussion Papers, Tinbergen Institute 00-053/3, Tinbergen Institute.
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  9. Terza, Joseph V., 1987. "Estimating linear models with ordinal qualitative regressors," Journal of Econometrics, Elsevier, Elsevier, vol. 34(3), pages 275-291, March.
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  11. Faggio, Giulia & Konings, Jozef, 2001. "Job Creation, Job Destruction and Employment Growth in Transition Countries in the 90's," IZA Discussion Papers 242, Institute for the Study of Labor (IZA).
  12. Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2000. "A Structural Model of Well-being: with an application to German Data," Tinbergen Institute Discussion Papers, Tinbergen Institute 00-053/3, Tinbergen Institute.
  13. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, Econometric Society, vol. 46(1), pages 69-85, January.
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  15. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 13(2), pages 145-166, Spring.
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