Age-Differentiated Qaly Losses

24 Pages Posted: 23 Jun 2001

See all articles by B.M.S. van Praag

B.M.S. van Praag

University of Amsterdam - Faculty of Economics and Business (FEB); IZA Institute of Labor Economics; Tinbergen Institute in Amsterdam; CESifo (Center for Economic Studies and Ifo Institute)

Ada Ferrer-i-Carbonell

Institut d'Anàlisi Econòmica (IAE-CSIC), Barcelona

Date Written: June 2001

Abstract

In this paper we evaluate the QALY losses, which are linked to the prevalence of specific chronic illnesses and impediments. The analysis is based on the individual self-rating health satisfaction question asked in the British Household Panel Survey data set. Our method is a refinement of the method of Cutler and Robertson (1997). First, we use more information regarding the relationship between the latent variable "health" and its evaluation into observable QALY's. Second, we allow the QALY loss caused by a illnesses to depend on age. For instance, according to our approach a 30 years old male suffering from diabetes would experience a QALY loss of 0.135 while this would be only 0.084, if the male is 60 years old.

JEL Classification: I10, I12

Suggested Citation

van Praag, Bernard and Ferrer-i-Carbonell, Ada, Age-Differentiated Qaly Losses (June 2001). Available at SSRN: https://ssrn.com/abstract=273337 or http://dx.doi.org/10.2139/ssrn.273337

Bernard Van Praag (Contact Author)

University of Amsterdam - Faculty of Economics and Business (FEB) ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands
31 20 5256018 (Phone)
31 20 5256013 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Tinbergen Institute in Amsterdam

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

Ada Ferrer-i-Carbonell

Institut d'Anàlisi Econòmica (IAE-CSIC), Barcelona ( email )

Barcelona, Bellaterra 08193
Spain

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