Measuring Changes in Health Capital
José M. Labeaga,
Xisco Oliver and
No 2005-15, Working Papers from FEDEA
This study is aimed to estimate the value of the change in health in Catalonia (Spain), from 1994 to 2002. Quality-adjusted years of life (QALYs) and years of life (YOL) for genders and different ages were calculated, by using survival rates and health state scores. The source of data was the Catalonia Health Survey (n94=15.000; n02=8.400), which includes questions directly based on EQ-5D measures. Health state scores were obtained by applying the Spanish EQ-5D index tariffs (TTO and VAS). We assumed a monetary value for a QALY of $100,000 and a discount rate of 3%, for preserving comparability with other contributions in the literature. Our results shown that the health capital stock has diminished from 1994 to 2002 due to a worsening in the quality of life of the population. Other studies report one such worsening in the younger age groups and an improvement in older age groups. In our case, the deterioration affects to all age groups. More data is necessary to determine if the drop in quality of life was due to an exogenous shock or to a structural tendency.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fda:fdaddt:2005-15
Access Statistics for this paper
More papers in Working Papers from FEDEA
Bibliographic data for series maintained by Carmen Arias ().