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Health, wealth and fairness

Marc Fleurbaey

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Abstract: How much health should we have and how should it be distributed? This paper studies how to define social objectives for the allocation of health and income in a setting where individuals may differ in their preferences about health and consumption, earning ability and health disposition. It is shown, on the basis of three simple ethical principles, that a reasonable social objective is to apply the maximin criterion to "full-health equivalent" incomes. An application to the choice of the optimal health policy illustrates how this social objective may be used.

Keywords: social choice; fairness; health policy (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (44)

Published in Journal of Public Economic Theory, 2005, 7, pp.253-284

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