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The compensating income variation of cardiovascular disease

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  • Wim Groot
  • Henriëtte Maassen van den Brink

Abstract

This paper uses longitudinal data from the British Household Panel Survey to calculate the compensating income variation (CIV) of cardiovascular disease. It is found that the CIV decreases with age and is higher for men than for women. For women the estimated CIV is similar to those calculated by Groot et al. (2004). For men the estimates are somewhat higher than earlier reported. Copyright © 2006 John Wiley & Sons, Ltd.

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  • Wim Groot & Henriëtte Maassen van den Brink, 2006. "The compensating income variation of cardiovascular disease," Health Economics, John Wiley & Sons, Ltd., vol. 15(10), pages 1143-1148, October.
    • Handle: RePEc:wly:hlthec:v:15:y:2006:i:10:p:1143-1148
    DOI: 10.1002/hec.1116
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    4. FLEURBAEY, Marc & SCHOKKAERT, Erik, 2011. "Equity in health and health care," LIDAM Discussion Papers CORE 2011026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    6. Ehsan Latif, 2012. "Monetary valuation of cardiovascular disease in Canada," Economics and Business Letters, Oviedo University Press, vol. 1(1), pages 46-52.
    7. Dolan, Paul & Fujiwara, Daniel & Metcalfe, Robert, 2011. "A step towards valuing utility the marginal and cardinal way," LSE Research Online Documents on Economics 121714, London School of Economics and Political Science, LSE Library.
    8. Tinna Laufey Ásgeirsdóttir & Arnar Buason & Ásthildur Margrét Jóhannsdóttir, 2023. "Valuing the Wellbeing Associated with Psychosocial Factors at Work," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(4), pages 1737-1759, August.
    9. Mendolia, Silvia & McNamee, Paul & Yerokhin, Oleg, 2018. "The Transmission of Mental Health within Households: Does One Partner's Mental Health Influence the Other Partner's Life Satisfaction?," IZA Discussion Papers 11431, Institute of Labor Economics (IZA).
    10. Kristjana Baldursdottir & Paul McNamee & Edward C. Norton & Tinna Laufey Asgeirsdottir, 2023. "Life satisfaction and body mass index: estimating the monetary value of achieving optimal body weight," Review of Economics of the Household, Springer, vol. 21(4), pages 1215-1246, December.
    11. Brad R. Humphreys & Bruce K. Johnson & John C. Whitehead, 2020. "Validity and reliability of contingent valuation and life satisfaction measures of welfare: An application to the value of national Olympic success," Southern Economic Journal, John Wiley & Sons, vol. 87(1), pages 316-330, July.
    12. Michael Palmer & Jenny Williams & Barbara McPake, 2019. "Standard of Living and Disability in Cambodia," Journal of Development Studies, Taylor & Francis Journals, vol. 55(11), pages 2382-2402, November.
    13. Emmanouil Mentzakis, 2011. "Allowing for heterogeneity in monetary subjective well‐being valuations," Health Economics, John Wiley & Sons, Ltd., vol. 20(3), pages 331-347, March.
    14. Holford, Angus J. & Pudney, Stephen, 2015. "Survey Design and the Determinants of Subjective Wellbeing: An Experimental Analysis," IZA Discussion Papers 8760, Institute of Labor Economics (IZA).
    15. Patel, Pankaj C. & Tsionas, Mike G. & Oghazi, Pejvak, 2023. "Compensating income variation in health and subjective well-being for the self-employed," Journal of Business Research, Elsevier, vol. 160(C).
    16. Baldursdottir, Kristjana & Asgeirsdottir, Tinna Laufey & Olafsdottir, Thorhildur, 2023. "How sensitive is the compensating income variation to severity and adaptation?," Economics & Human Biology, Elsevier, vol. 49(C).
    17. Binh Vu & Rasheda Khanam & Maisha Rahman & Son Nghiem, 2020. "The costs of disability in Australia: a hybrid panel-data examination," Health Economics Review, Springer, vol. 10(1), pages 1-10, December.
    18. Howley, Peter, 2017. "Less money or better health? Evaluating individual’s willingness to make trade-offs using life satisfaction data," Journal of Economic Behavior & Organization, Elsevier, vol. 135(C), pages 53-65.
    19. Pudney, Stephen & Hancock, Ruth & Morciano, Marcello, 2013. "Nonparametric estimation of a compensating variation: the cost of disability," ISER Working Paper Series 2013-26, Institute for Social and Economic Research.
    20. Howley, P., 2016. "Valuing the benefits from health care interventions using life satisfaction data," Health, Econometrics and Data Group (HEDG) Working Papers 16/01, HEDG, c/o Department of Economics, University of York.
    21. Powdthavee, Nattavudh & van den Berg, Bernard, 2011. "Putting different price tags on the same health condition: Re-evaluating the well-being valuation approach," Journal of Health Economics, Elsevier, vol. 30(5), pages 1032-1043.
    22. Holford, Angus & Pudney, Stephen, 2014. "Survey design and the determinants of subjective wellbeing: an experimental analysis," Understanding Society Working Paper Series 2014-06, Understanding Society at the Institute for Social and Economic Research.
    23. Paul McNamee & Silvia Mendolia & Oleg Yerokhin, 2021. "The transmission of partner mental health to individual life satisfaction: Estimates from a longitudinal household survey," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 494-516, September.
    24. McNamee, Paul & Mendolia, Silvia, 2014. "The effect of chronic pain on life satisfaction: Evidence from Australian data," Social Science & Medicine, Elsevier, vol. 121(C), pages 65-73.
    25. Groot, Wim & van den Brink, Henriette Maassen, 2007. "Optimism, pessimism and the compensating income variation of cardiovascular disease: A two-tiered quality of life stochastic frontier model," Social Science & Medicine, Elsevier, vol. 65(7), pages 1479-1489, October.

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