Chapter

Health and Subjective Well‐Being

Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199226146.003.0009
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 for the assessment of money values equivalent to the losses in well-being caused by illness. The second method is based on a new quality adjusted life year concept, which provides an intuitively plausible tool that is easy to interpret and cheap in terms of data collection.

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

Chapter.  11403 words.  Illustrated.

Subjects: Economics

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