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FLM Research, Daniel Herrera, February 16th, 2024

16 February @ 12h30 - 14h00


Presentation in english

Speaker: Daniel Herrera is an Assistant Professor at Paris Dauphine-PSL and a CEC associate researcher.

Title: Empirical bounds on the value of improved health

Abstrat: Policies that improve health and longevity are often valued by combining expected gains in quality-adjusted life years (QALYs) with a constant willingness-to-pay (WTP) per QALY. This constant is derived by dividing estimated value per statistical life (VSL) by expected future QALYs. We explore the validity of this practice by deriving the empirical counterparts of theoretical upper and lower bounds on the WTP for a marginal improvement in the quality of life, as measured by gains in health status or longevity. We obtain data by surveying a representative sample of French adults over the internet. Testing whether upper and lower bounds on the WTP for improved health and longevity are the same permits a novel empirical test for the descriptive validity of the QALY model, as well as validate (or not) a standard and widespread policy practice.

Practical informations : Our Friday Lunch Meeting will take place from 12.30 to 2.00 pm

FLMs are held in a face-to-face format in the seminar room on the 4th floor of the Palais Brongniart, 28 Place de la Bourse, 75002 Paris.

To participate we invite you to register here

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