Health And Subjective Well‐Being

Bernard Van Praag

in Happiness Quantified

Published in print April 2004 | ISBN: 9780198286547
Published online January 2005 | e-ISBN: 9780191718601 | DOI:
 Health And Subjective Well‐Being

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This chapter examines the possibility of measuring the effects of specific diseases on health and quality of life. Two methods have made this possible. The first is the satisfaction model developed in Chapter 4, which allows the assessment of money values equivalent to the losses in well-being caused by illness. The second method is a new quality adjusted life year concept, which provides an intuitively plausible concept that is easy and cheap to collect the basic data for.

Keywords: health; quality of life; satisfaction; monetary valuation of illness; health economics; quality adjusted life years

Chapter.  11308 words.  Illustrated.

Subjects: Microeconomics

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