Measuring Changes in Health Capital
AbstractThis study is aimed to estimate the value of the change in health in Catalonia (Spain), from 1994 to 2002. Quality-adjusted years of life (QALYs) and years of life (YOL) for genders and different ages were calculated, by using survival rates and health state scores. The source of data was the Catalonia Health Survey (n94=15.000; n02=8.400), which includes questions directly based on EQ-5D measures. Health state scores were obtained by applying the Spanish EQ-5D index tariffs (TTO and VAS). We assumed a monetary value for a QALY of $100,000 and a discount rate of 3%, for preserving comparability with other contributions in the literature. Our results shown that the health capital stock has diminished from 1994 to 2002 due to a worsening in the quality of life of the population. Other studies report one such worsening in the younger age groups and an improvement in older age groups. In our case, the deterioration affects to all age groups. More data is necessary to determine if the drop in quality of life was due to an exogenous shock or to a structural tendency.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by FEDEA in its series Working Papers with number 2005-15.
Date of creation:
Date of revision:
Contact details of provider:
Web page: http://www.fedea.net
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-11 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Simon Sosvilla-Rivero & Pedro Rodriguez, 2010.
"Linkages in international stock markets: evidence from a classification procedure,"
Taylor & Francis Journals, vol. 42(16), pages 2081-2089.
- Simon Sosvilla-Rivero & Pedro N. Rodríguez, . "Linkages in international stock markets: Evidence from a classification procedure," Working Papers 2004-23, FEDEA.
- Debra S. Dwyer & Olivia S. Mitchell, .
"Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?,"
Pension Research Council Working Papers
98-7, Wharton School Pension Research Council, University of Pennsylvania.
- Dwyer, Debra Sabatini & Mitchell, Olivia S., 1999. "Health problems as determinants of retirement: Are self-rated measures endogenous?," Journal of Health Economics, Elsevier, vol. 18(2), pages 173-193, April.
- Debra Sabatini Dwyer & Olivia S. Mitchell, 1998. "Health Problems as Determinants of Retirement: Are Self-Rated Measures Endogenous?," NBER Working Papers 6503, National Bureau of Economic Research, Inc.
- Arabmazar, Abbas & Schmidt, Peter, 1981. "Further evidence on the robustness of the Tobit estimator to heteroskedasticity," Journal of Econometrics, Elsevier, vol. 17(2), pages 253-258, November.
- Salvador Gil-Pareja & Rafael Llorca-Vivero & José A. Martínez-Serrano & Josep Oliver-Alonso, 2005.
"The Border Effect in Spain,"
The World Economy,
Wiley Blackwell, vol. 28(11), pages 1617-1631, November.
- Kenneth Y. Chay & James L. Powell, 2001. "Semiparametric Censored Regression Models," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 29-42, Fall.
- W. Kip Viscusi & Joseph E. Aldy, 2003.
"The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World,"
NBER Working Papers
9487, National Bureau of Economic Research, Inc.
- Viscusi, W Kip & Aldy, Joseph E, 2003. " The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
- Aldy, Joseph E. & Viscusi, W. Kip, 2003. "The Value of Statistical Life: A Critical Review of Market Estimates throughout the World," Working paper 282, Regulation2point0.
- Vijverberg, Wim P M, 1987. "Non-normality as Distributional Misspecification in Single-Equation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(4), pages 417-30, November.
- Carlos Vidal-Meliá & Ana Lejárraga-García, .
"Demand for life annuities from married couples with a bequest motive,"
- Carlos Vidal-Melia & Ana Lejárraga-García, 2004. "Demand For Life Annuities From Married Couples With A Bequest Motive," Public Economics 0409009, EconWPA.
- Russell Davidson & James MacKinnon, 2000.
"Bootstrap tests: how many bootstraps?,"
Taylor & Francis Journals, vol. 19(1), pages 55-68.
- Ana Carolina Ortega Masagué, . "La Antigüedad en el Empleo y los Efectos del Ciclo Económico en los Salarios. El Caso Argentino," Working Papers 2004-25, FEDEA.
- Bleichrodt, Han & Johannesson, Magnus, 1997. "Standard gamble, time trade-off and rating scale: Experimental results on the ranking properties of QALYs," Journal of Health Economics, Elsevier, vol. 16(2), pages 155-175, April.
- H. D. Vinod & B. D. McCullough, 1999. "The Numerical Reliability of Econometric Software," Journal of Economic Literature, American Economic Association, vol. 37(2), pages 633-665, June.
- Dolan, Paul & Sutton, Matthew, 1997. "Mapping visual analogue scale health state valuations onto standard gamble and time trade-off values," Social Science & Medicine, Elsevier, vol. 44(10), pages 1519-1530, May.
- José M. Labeaga & Xisco Oliver & Amadéo Spadaro, 2005.
"Discrete choice models of labour suppluy, behavioural microsimulation and the Spanish tax reform,"
PSE Working Papers
- José Labeaga & Xisco Oliver & Amedeo Spadaro, 2008. "Discrete choice models of labour supply, behavioural microsimulation and the Spanish tax reforms," Journal of Economic Inequality, Springer, vol. 6(3), pages 247-273, September.
- José M. Labeaga, Xisco Oliver & Xisco Oliver & Amedeo Spadaro, . "Discrete choice models of labour Supply, behavioural microsimulation and the Spanish tax reforms," Working Papers 2005-14, FEDEA.
- Hugo Benitez-Silva & Moshe Buchinsky & Hiu Man Chan & Sofia Cheidvasser & John Rust, 2000.
"How Large is the Bias is Self-Reported Disability?,"
NBER Working Papers
7526, National Bureau of Economic Research, Inc.
- Hugo Ben�tez-Silva & Moshe Buchinsky & Hiu Man Chan & Sofia Cheidvasser & John Rust, 2004. "How large is the bias in self-reported disability?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(6), pages 649-670.
- Hugo Benitez-Silva & Moshe Buchinsky & Hiu Man Chan & Sofia Cheidvasser & John Rust, 2000. "How Large is the Bias in Self-Reported Disability?," Working Papers 2000-01, Brown University, Department of Economics.
- Honore, Bo E, 1992. "Trimmed LAD and Least Squares Estimation of Truncated and Censored Regression Models with Fixed Effects," Econometrica, Econometric Society, vol. 60(3), pages 533-65, May.
- Arabmazar, Abbas & Schmidt, Peter, 1982. "An Investigation of the Robustness of the Tobit Estimator to Non-Normality," Econometrica, Econometric Society, vol. 50(4), pages 1055-63, July.
- Brooks, Richard AU -, 1996. "EuroQol: the current state of play," Health Policy, Elsevier, vol. 37(1), pages 53-72, July.
- J. Ignacio Conde-Ruiz & Vincenzo Galasso & Paola Profeta, 2005.
"The Evolution of Retirement,"
278, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Namkee Ahn & Juan Ramón García & José A. Herce, . "Demographic Uncertainty and Health Care Expenditure in Spain," Working Papers 2005-07, FEDEA.
- Powell, James L, 1986. "Symmetrically Trimmed Least Squares Estimation for Tobit Models," Econometrica, Econometric Society, vol. 54(6), pages 1435-60, November.
- Chesher, Andrew & Irish, Margaret, 1987. "Residual analysis in the grouped and censored normal linear model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 33-61.
- Amartya Sen, 1995.
"Mortality as an Indicator of Economic Success and Failure,"
innlec95/2, UNICEF Innocenti Research Centre.
- Sen, Amartya, 1998. "Mortality as an Indicator of Economic Success and Failure," Economic Journal, Royal Economic Society, vol. 108(446), pages 1-25, January.
- Namkee Ahn, . "Economic Consequences of Widowhood in Europe: Cross-country and Gender Differences," Working Papers 2004-27, FEDEA.
- Powell, James L., 1984. "Least absolute deviations estimation for the censored regression model," Journal of Econometrics, Elsevier, vol. 25(3), pages 303-325, July.
- Grossman, Michael, 1972. "On the Concept of Health Capital and the Demand for Health," Journal of Political Economy, University of Chicago Press, vol. 80(2), pages 223-55, March-Apr.
- Simón Sosvilla-Rivero & Sonia Pangusión, . "The real picture: Industry specific exchange rates for the euro area," Working Papers 2005-05, FEDEA.
- Paul Dolan & Rebecca Shaw & Aki Tsuchiya & Alan Williams, 2005. "QALY maximisation and people's preferences: a methodological review of the literature," Health Economics, John Wiley & Sons, Ltd., vol. 14(2), pages 197-208.
- Amelia Bilbao & Celia Bilbao & José M. Labeaga, . "The excess burden associated to characteristics of the goods: Application to housing demand," Working Papers 2005-09, FEDEA.
- Kind, Paul & Hardman, Geoff & Leese, Brenda, 2005. "Measuring health status: information for primary care decision making," Health Policy, Elsevier, vol. 71(3), pages 303-313, March.
- David M. Cutler & Elizabeth Richardson, 1999.
"Your Money and Your Life: The Value of Health and What Affects It,"
in: Frontiers in Health Policy Research, volume 2, pages 99-132
National Bureau of Economic Research, Inc.
- David M. Cutler & Elizabeth Richardson, 1999. "Your Money and Your Life: The Value of Health and What Affects It," NBER Working Papers 6895, National Bureau of Economic Research, Inc.
- Burstrom, Kristina & Johannesson, Magnus & Diderichsen, Finn, 2001. "Health-related quality of life by disease and socio-economic group in the general population in Sweden," Health Policy, Elsevier, vol. 55(1), pages 51-69, January.
- G. Ardine De Wit & Jan J.V. Busschbach & Frank Th. De Charro, 2000. "Sensitivity and perspective in the valuation of health status: whose values count?," Health Economics, John Wiley & Sons, Ltd., vol. 9(2), pages 109-126.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carmen Arias).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.