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Equivalent income and the economic evaluation of health care

Author

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  • FLEURBAYE, Marc

    () (Université Paris-Descartes, CERSES, France; Université catholique de Louvain, CORE, B-1348 Louvain- la-Neuve, Belgium)

  • LUCHINI, Stéphane

    () (CNRS, GREQAM and IDEP, France)

  • MULLER, Christophe

    () (DEFI, University of Méditerranée, France)

  • SCHOKKAERT, Eric

    () (Department of Economics, Katholieke Universiteit Leuven and Université catholique de Louvain, CORE, B-1348 Louvain-la-Neuve, Belgium)

Abstract

We argue that the economic evaluation of health care (cost-benefit analysis) should respect individual preferences and should incorporate distributional consid- erations. Relying on individual preferences does not imply subjective welfarism. We propose a particular non- welfarist approach, based on the concept of equivalent income, and show how it helps to define distributional weights. We illustrate the feasibility of our approach with empirical results from a pilot survey.

Suggested Citation

  • FLEURBAYE, Marc & LUCHINI, Stéphane & MULLER, Christophe & SCHOKKAERT, Eric, 2010. "Equivalent income and the economic evaluation of health care," CORE Discussion Papers 2010006, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:2010006
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    File URL: http://www.uclouvain.be/cps/ucl/doc/core/documents/coredp2010_6web.pdf
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    Cited by:

    1. Marc Fleurbaey & Stéphane Luchini & Erik Schokkaert & Carine Van de Voorde, 2012. "Évaluation des politiques de santé : pour une prise en compte équitable des intérêts des populations," Économie et Statistique, Programme National Persée, vol. 455(1), pages 11-36.
    2. DECANCQ, Koen & FLEURBAEY, Marc & SCHOKKAERT, Erik, 2014. "Inequality, income, and well-being," CORE Discussion Papers 2014018, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. FLEURBAEY, Marc & SCHOKKAERT, Erik, 2011. "Equity in health and health care," CORE Discussion Papers 2011026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

    More about this item

    Keywords

    cost-benefit analysis; cost-effectiveness analysis; willingness-to-pay; social welfare function; equivalent income;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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