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Health, wealth and fairness

Author

Listed:
  • Marc Fleurbaey

    (CERSES - UMR 8137 - Centre de recherche sens, ethique, société - UPD5 - Université Paris Descartes - Paris 5 - CNRS - Centre National de la Recherche Scientifique)

Abstract

How much health should we have and how should it be distributed? This paper studies how to define social objectives for the allocation of health and income in a setting where individuals may differ in their preferences about health and consumption, earning ability and health disposition. It is shown, on the basis of three simple ethical principles, that a reasonable social objective is to apply the maximin criterion to "full-health equivalent" incomes. An application to the choice of the optimal health policy illustrates how this social objective may be used.

Suggested Citation

  • Marc Fleurbaey, 2005. "Health, wealth and fairness," Post-Print hal-00247025, HAL.
  • Handle: RePEc:hal:journl:hal-00247025
    as

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