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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Journal Article: Health, Wealth, and Fairness (2005) 
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00247025
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