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arXiv · 2404.04121

Productivity and quality-adjusted life years: QALYs, PALYs and beyond

Kristian S. Hansen·Juan D. Moreno-Ternero·Lars P. Østerdal
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Abstract

We develop a unified framework for the measurement and valuation of health and productivity. Within this framework, we characterize evaluation functions allowing for compromises between the classical quality-adjusted life years (QALYs) and its polar productivity-adjusted life years (PALYs). Our framework and characterization results provide a new normative basis for the economic evaluation of health care interventions, as well as occupational health and safety policies, aimed to impact both health and productivity of individuals.

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Kristian S. Hansen, Juan D. Moreno-Ternero, Lars P. Østerdal. 2024-04-05. Productivity and quality-adjusted life years: QALYs, PALYs and beyond. https://doi.org/10.1016/j.jhealeco.2024.102885

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