Universitat Pompeu Fabra Working Paper No. 473
40 Pages Posted: 7 Sep 2000
Date Written: June 2000
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: 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