Productivity and quality-adjusted life years: QALYs, PALYs and beyond
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arXiv
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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2024
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| _version_ | 1866915079407009792 |
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| author | Hansen, Kristian S. Moreno-Ternero, Juan D. Østerdal, Lars P. |
| author_facet | Hansen, Kristian S. Moreno-Ternero, Juan D. Østerdal, Lars P. |
| contents | We develop a unified framework for the measurement and valuation of health and productivity. Within this framework, we characterize evaluation functions allowing for compromises between the classical quality-adjusted life years (QALYs) and its polar productivity-adjusted life years (PALYs). Our framework and characterization results provide a new normative basis for the economic evaluation of health care interventions, as well as occupational health and safety policies, aimed to impact both health and productivity of individuals. |
| format | Preprint |
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arxiv_https___arxiv_org_abs_2404_04121 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Productivity and quality-adjusted life years: QALYs, PALYs and beyond Hansen, Kristian S. Moreno-Ternero, Juan D. Østerdal, Lars P. Theoretical Economics We develop a unified framework for the measurement and valuation of health and productivity. Within this framework, we characterize evaluation functions allowing for compromises between the classical quality-adjusted life years (QALYs) and its polar productivity-adjusted life years (PALYs). Our framework and characterization results provide a new normative basis for the economic evaluation of health care interventions, as well as occupational health and safety policies, aimed to impact both health and productivity of individuals. |
| title | Productivity and quality-adjusted life years: QALYs, PALYs and beyond |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2404.04121 |