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Using Happiness to Value Health

Author

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  • Paul Dolan

Abstract

In this new report, Prof Paul Dolan provides an accessible guide into the latest developments in happiness research as they apply to the valuation of health. This report considers the degree to which happiness data can overcome some of the well-known problems with existing preference-based ways of valuing health. It presents new valuation data that show how the dimensions of health that matter most in happiness regressions are not the same as those that matter most when people are asked about their preferences. In particular, mental health matters more in happiness reports. One implication of using happiness to value health, then, might be that greater priority would be given to mental health than to physical functioning and pain.

Suggested Citation

  • Paul Dolan, 2011. "Using Happiness to Value Health," Monograph 000176, Office of Health Economics.
    • Handle: RePEc:ohe:monogr:000176
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    File URL: https://www.ohe.org/publications/using-happiness-value-health/attachment-362-using-happiness-dolan-nov-2011/
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    Citations

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    Cited by:

    1. Binder, Martin & Buenstorf, Guido, 2018. "Smile or die: Can subjective well-being increase survival in the face of substantive health impairments?," Economics & Human Biology, Elsevier, vol. 31(C), pages 209-227.
    2. Layard, Richard & Clark, Andrew E. & De Neve, Jan-Emmanuel & Krekel, Christian & Fancourt, Daisy & Hey, Nancy & O'Donnell, Gus, 2020. "When to release the lockdown: a wellbeing framework for analysing costs and benefits," LSE Research Online Documents on Economics 104276, London School of Economics and Political Science, LSE Library.
    3. Binder, Martin & Coad, Alex, 2013. "“I'm afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being," Social Science & Medicine, Elsevier, vol. 87(C), pages 155-167.
    4. Dolan, Paul & Kavetsos, Georgios & Tsuchiya, Aki, 2013. "Sick but satisfied: The impact of life and health satisfaction on choice between health scenarios," Journal of Health Economics, Elsevier, vol. 32(4), pages 708-714.
    5. Paul Dolan & Georgios Kavetsos, 2012. "Happy Talk: Mode of Administration Effects on Subjective Well-Being," CEP Discussion Papers dp1159, Centre for Economic Performance, LSE.
    6. Hernández-Alava, Mónica & Sampson, Christopher & Wailoo, Allan, 2013. "Happy and healthy: a joint model of health and life satisfaction," MPRA Paper 49766, University Library of Munich, Germany.
    7. Magdalena Muszyńska-Spielauer & Marc Luy, 2022. "Well-Being Adjusted Health Expectancy: A New Summary Measure of Population Health," European Journal of Population, Springer;European Association for Population Studies, vol. 38(5), pages 1009-1031, December.
    8. Cubi-Molla, P. & De Vries, J. & Devlin, N., 2013. "A Study of the Relationship Between Health and Subjective Well-being in Parkinson’s Disease Patients," Working Papers 13/12, Department of Economics, City University London.
    9. Albert Feliu-Soler & Javier de Diego-Adeliño & Juan V. Luciano & Ioseba Iraurgi & Carlo Alemany & Dolors Puigdemont & Víctor Pérez & Maria J. Portella & Joan Trujols, 2021. "Unhappy While Depressed: Examining the Dimensionality, Reliability and Validity of the Subjective Happiness Scale in a Spanish Sample of Patients with Depressive Disorders," IJERPH, MDPI, vol. 18(20), pages 1-13, October.
    10. Layard, Richard & Clark, Andrew E. & De Neve, Jan-Emmanuel & Krekel, Christian & Fancourt, Daisy & Hey, Nancy & O'Donnell, Gus, 2020. "When to release the lockdown: a wellbeing framework for analysing costs and benefits," LSE Research Online Documents on Economics 104276, London School of Economics and Political Science, LSE Library.
    11. Eleftherios Giovanis & Martina Menon & Federico Perali, 2023. "Disability specific equivalence scales: a case–control approach applied to the cost of acquired brain injuries," International Journal of Health Economics and Management, Springer, vol. 23(4), pages 643-672, December.

    More about this item

    Keywords

    Using Happiness to Value Health;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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