The Social Value of Health Programs: Is Age a Relevant Factor?

Universitat Pompeu Fabra Working Paper No. 473

40 Pages Posted: 7 Sep 2000  

Eva Rodríguez

University of Vigo - Faculty of Economics and Business

José Luis Pinto Prades

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences

Date Written: June 2000

Abstract

In cost-effectiveness analysis (CEA) it is usually assumed that a QALY is of equal value to everybody, irrespective of the patient's age. However, it is possible that society assigns different social values to a QALY according to who gets it. In this paper we discuss the possibility of weighting health benefits for age in CEA. We also examine the possibility that age-related preferences depend on the size of the health gain. An experiment was performed to test these hypotheses. The results assessing suggest that the patient's age is a relevant factor when assessing health gains.

Keywords: QALY, age weights, social welfare function

JEL Classification: I18, D61, D63

Suggested Citation

Rodríguez, Eva and Pinto Prades, José Luis, The Social Value of Health Programs: Is Age a Relevant Factor? (June 2000). Universitat Pompeu Fabra Working Paper No. 473. Available at SSRN: https://ssrn.com/abstract=235523 or http://dx.doi.org/10.2139/ssrn.235523

Eva Rodríguez Míguez

University of Vigo - Faculty of Economics and Business ( email )

As Lagoas Marcosende s/n
Departamento de Economia Aplicada
36200 Vigo
Spain
+34 986 812 516 (Phone)
+34 986 812 401 (Fax)

José Luis Pinto Prades (Contact Author)

Universitat Pompeu Fabra - Faculty of Economic and Business Sciences ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain

Paper statistics

Downloads
79
Rank
254,226
Abstract Views
982