Productivity and Quality-adjusted Life Years: QALYs, PALYs and Beyond

Kristian Schultz Hansen, Juan D. Moreno-Ternero, Lars Peter Østerdal

Research output: Working paperResearch

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Abstract

We develop a general framework for the evaluation of health and productivity of a population of individuals. In such a framework, we characterize Productivity-and-Quality-Adjusted Life Years evaluation functions, which range from the classical Quality-Adjusted Life Years (QALYs) to its polar Productivity-Adjusted Life Years (PALYs). Our frame-work and characterization results provide a new normative basis for the economic evalu-ation of health care or occupational health and safety policies.
Original languageEnglish
Place of PublicationFrederiksberg
PublisherDepartment of Economics. Copenhagen Business School
Number of pages37
Publication statusPublished - 2023
SeriesWorking Paper / Department of Economics. Copenhagen Business School
Number11-2023

Keywords

  • Health
  • Productivity
  • QALYs
  • PALYs
  • Axioms

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