The Health Equivalent Adjusted Level (HEAL): Taking an Ordinal Approach to the Measurement of a Society's Health Achievements

Jacques Silber and Yongsheng Xu

No HIAS-E-31, Discussion paper series from Hitotsubashi Institute for Advanced Study, Hitotsubashi University

Abstract: This paper, following earlier work on the cardinal measurement of ordinal health inequality, proposes an axiomatic derivation of the health achievement in a population when only ordinal information on health is available. An empirical illustration based on EU data for 27 countries during the period 2005-2012 is then presented which confirms the usefulness of the new measure of health achievement that has been introduced.

Keywords: axiomatic approach; European Union; health achievement; ordinal information (search for similar items in EconPapers)
JEL-codes: I14 I31 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2016-08
New Economics Papers: this item is included in nep-hea and nep-ltv
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hiasdp:hias-e-31

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