Life-cycle preferences over consumption and health: a comment on Bleichrodt and Quiggin.
In a recent issue of the Journal of Health Economics, Bleichrodt and Quiggin (1999) developed a model of life-cycle preferences over consumption and health to analyze QALY-based decision making. This analysis is critically appraised concerning issues of QALY-maximization on an individual and on an aggregate level as well as of the role of death in QALY-models. It is concluded that a more general approach might be useful for the analysis of QALYs and life-cycle preferences over consumption and health.
Klose
Thomas
T
Department of Health Economics, University of Ulm, Germany. thomas.klose@gsk.com
D001294:Attitude to Health; D003258:Consumer Behavior; D003362:Cost-Benefit Analysis; D003657:Decision Making; D006304:Health Status; D006801:Humans; D017059:Models, Econometric; D019057:Quality-Adjusted Life Years; D026712:Value of Life / Q000191:economics*