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dc.contributor.authorPowdthavee, Nattavudhen
dc.contributor.authorvan den Berg, Bernarden
dc.date.accessioned2011-07-18-
dc.date.accessioned2011-11-23T11:43:44Z-
dc.date.available2011-11-23T11:43:44Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:101:1-201104113663en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5493en
dc.subject.jelH8en
dc.subject.jelI18en
dc.subject.jelI31en
dc.subject.ddc330en
dc.subject.keywordwell-beingen
dc.subject.keywordcompensation variationsen
dc.subject.keywordmonetary valuationsen
dc.subject.keywordhappinessen
dc.subject.keywordhealthen
dc.subject.keywordGHQen
dc.subject.stwGesundheiten
dc.subject.stwBewertungen
dc.subject.stwLebensqualitäten
dc.subject.stwZufriedenheiten
dc.subject.stwGroßbritannienen
dc.titlePutting different price tags on the same health condition: Re-evaluating the well-being valuation approach-
dc.typeWorking Paperen
dc.identifier.ppn664337120en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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