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  • 1
    Publication Date: 2018-11-15
    Description: This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in health status. The paper presents estimates of the equivalent income change that would be necessary to change general satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income equivalent of health changes. Next, the health satisfaction changes are linked to specific diseases in order to estimate the income equivalent for various diseases. This method uses answers to well-being and health satisfaction questions as posed in a large German data set. We distinguish between workers and non-workers and between inhabitants of East- and West- Germany. We find, for instance, that for West-workers hearing impediments are on average equivalent to an income reduction of about 20%, and that heart blood difficulties are for the same group equivalent to a 47% income reduction.
    Keywords: I10 ; I12 ; ddc:330 ; Chronic diseases ; equivalent income ; health damages ; health satisfaction ; well-being ; Krankheit ; Kosten-Nutzen-Analyse ; Gesundheit ; Einkommen ; Lebensqualität ; Schätzung ; Deutschland ; Chronische Krankheit ; Lebenszufriedenheit ; equivalent income
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 2
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    Bonn: Institute for the Study of Labor (IZA)
    Publication Date: 2018-11-15
    Description: 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.
    Keywords: I10 ; I12 ; ddc:330 ; Chronic diseases ; health satisfaction ; QALY loss ; QALY weight ; Gesundheitsökonomik ; Index ; Lebensqualität ; Lebensalter ; Krankheit ; Kosten-Nutzen-Analyse ; Theorie ; Großbritannien
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 3
    Publication Date: 2016-06-22
    Description: This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in health status. The paper presents estimates of the equivalent income change that would be necessary to change general satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income equivalent of health changes. Next, the health satisfaction changes are linked to specific diseases in order to estimate the income equivalent for various diseases. This method uses answers to well-being and health satisfaction questions as posed in a large German data set. We distinguish between workers and non-workers and between inhabitants of East- and West- Germany. We find, for instance, that for West-workers hearing impediments are on average equivalent to an income reduction of about 20%, and that heart blood difficulties are for the same group equivalent to a 47% income reduction.
    Keywords: I12 ; I10 ; ddc:330 ; chronic diseases ; equivalent income ; health damages ; health satisfaction ; well-being ; Krankheit ; Kosten-Nutzen-Analyse ; Gesundheit ; Einkommen ; Lebensqualität ; Schätzung ; Deutschland ; Chronische Krankheit ; Lebenszufriedenheit ; equivalent income
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 4
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    Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
    Publication Date: 2016-06-22
    Description: Subjective Well-Being has increasingly been studied by several economists. This paper fits in that literature but takes into account that there are different aspects of life such as health, financial situation, and job. We call them domains. In this paper, we consider Subjective Well-Being as a composite of various domain satisfactions (DS). We postulate a two -layer model where individual Subjective Well-Being is explained by individual subjective domain satisfactions with respect to job, finance, health, leisure, housing, and environment. We distinguish between long -term and short - term effects. Next, we explain domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for the GS and DS equations with individual random effects and fix time effects.
    Keywords: I31 ; C25 ; C23 ; ddc:330 ; Subjective Well-Being ; satisfaction measurement ; qualitative regressors ; health satisfaction ; job satisfaction ; Lebensqualität ; Verhaltensökonomik ; Arbeitszufriedenheit ; Einkommen ; Theorie ; Deutschland ; Lebenszufriedenheit
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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