Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52088
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dc.contributor.authorPowdthavee, Nattavudhen_US
dc.contributor.authorvan den Berg, Bernarden_US
dc.date.accessioned2011-07-18en_US
dc.date.accessioned2011-11-23T11:43:44Z-
dc.date.available2011-11-23T11:43:44Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201104113663en_US
dc.identifier.urihttp://hdl.handle.net/10419/52088-
dc.description.abstractMany recent writings in health policy have proposed that health be valued directly and in monetary terms using the new well-being valuation method. Yet there is currently no clear consensus on what the best measure of individual's experience may be for the evaluation process. To shed light on this issue, monetary values for a number of health problems are compared across different well-being measures within the same UK data set. We find that, while there is strong internal consistency of health impacts within each well-being measure, hugely different monetary valuations are obtained for the same health problem across different well-being measures. Our results, although should only viewed as illustrative, call for economists to rethink about which measure of well-being or experienced utility to be used in the well-being valuation method, should the approach ever be implemented in real policy contexts.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit |x5493en_US
dc.subject.jelH8en_US
dc.subject.jelI18en_US
dc.subject.jelI31en_US
dc.subject.ddc330en_US
dc.subject.keywordwell-beingen_US
dc.subject.keywordcompensation variationsen_US
dc.subject.keywordmonetary valuationsen_US
dc.subject.keywordhappinessen_US
dc.subject.keywordhealthen_US
dc.subject.keywordGHQen_US
dc.subject.stwGesundheiten_US
dc.subject.stwBewertungen_US
dc.subject.stwLebensqualitäten_US
dc.subject.stwZufriedenheiten_US
dc.subject.stwGroßbritannienen_US
dc.titlePutting different price tags on the same health condition: Re-evaluating the well-being valuation approachen_US
dc.typeWorking Paperen_US
dc.identifier.ppn664337120en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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