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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2004

Print ISBN-13: 9780198286547

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0198286546.001.0001

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Health And Subjective Well‐Being

Health And Subjective Well‐Being

Chapter:
(p.177) 9 Health And Subjective Well‐Being
Source:
Happiness Quantified
Author(s):

Bernard Van Praag

Publisher:
Oxford University Press
DOI:10.1093/0198286546.003.0009

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

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