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Transferring Measures of Adult Health Benefits to Children: A Review of Issues and Results
Author(s) -
Agee Mark D.,
Crocker Thomas D.
Publication year - 2004
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1093/cep/byh035
Subject(s) - value (mathematics) , public economics , theme (computing) , economics , child health , health economics , actuarial science , economic growth , health care , medicine , computer science , machine learning , pediatrics , operating system
This article discusses issues involved in inferring the economic value of children's health from estimates of the value of adult health. A central theme is that if health benefit transfers across individuals are to be useful to policy makers, they must be founded on analytical as well as statistical commonalities. Whether the health benefits transfer issue is among adults or between adults and children, a vision that embeds the individual in a collective entity, such as a family with limited time and resources, can provide a common analytical structure having substantive economic content and able to accommodate varying measures of health. (JEL I , D1 , Q2 )