Greiðsluvilji fyrir lausn frá sjúkdómum og sjúkdómseinkennum - verkefni lokið
Fréttatilkynning verkefnisstjóra
Although difficult, valuing health is crucial to inform health policy. In this research project we used the compensating income variation (CIV) method to estimate the sufficient monetary compensation needed to offset the welfare losses associated with the presence of sub-optimal conditions.
The statistical association between income, sub-optimal conditions, and well-being was used to generate an implied trade-off between income and the condition being evaluated each time. Despite methodological advantages over other willingness-to-pay methods, the CIV literature is still very limited but through this project we have measured the value of close to 80 conditions, some in quite general terms, but others in greater detail with multiple valuation calculations made depending on context, severity, and circumstances. We have additionally been able to contribute to the field methodologically. We have thus been able to make both broad-view analyses, as well as more in-depth examinations of specific diseases or conditions. This research has a practical relevance, especially in Iceland where the value of health has not yet been estimated. The scientific value lies both in the fact that the CIV method provides a robustness check for other methods traditionally used within the field of health economics, and in an opportunity to value health states in circumstances where they have not been valued before and/or with greater ease than other methods allow for. For this reason, the project also has practical applications. We therefore conducted analyses for public and private collaborators that were used for policy purposes.
∙ Information on how the results will be applied
Results have and will be applied in a few different ways. See under outputs below.
∙ A list of the project’s outputs
- Ragnarsdottir, A.G., Olafsdottir, Th., McNamee, P. and Asgeirsdottir, T.L. (2022) “The individual private cost of problematic alcohol use: a compensating income variation approach” Applied Economics. https://www.tandfonline.com/doi/abs/10.1080/00036846.2022.2097632
- Baldursdóttir, K., McNamee, P., Norton, E.C., and Asgeirsdóttir, T.L. (2021) “Life Satisfaction and Body Mass Index: Estimating the Monetary Value of Achieving Optimal Body Weight” NBER Working Paper No. 28791. https://www.nber.org/papers/w28791
- Buason, A., Norton, E.C., McNamee, P. Thordardottir, E.B. and Asgeirsdottir, T.L (2021) “The Causal Effect of Depression and Anxiety on Life Satisfaction: An Instrumental Variable Approach” NBER Working Paper No. 28575. https://www.nber.org/papers/w28575
- Ásgeirsdóttir, T.L., Buason, A., Jonbjarnardottir, B. and Ólafsdóttir, Th. (2020) “The value of normal body weight: evidence from Iceland” Applied Economics 53(20), p. 2292-2304. DOI: 10.1080/00036846.2020.1859450, https://www.tandfonline.com/doi/abs/10.1080/00036846.2020.1859450
- Asgeirsdottir, T.L., Norton, E.C., and Ólafsdóttir, Th. (2020) "Valuing Pain using the Subjective Well-being Method" Economics & Human Biology 37. DOI: 10.1016/j.ehb.2019.100827 https://www.sciencedirect.com/science/article/pii/S1570677X19300656
- Olafsdottir, Th., Asgeirsdottir, T.L., and Norton, E.C. (2017) „Valuing Pain using the Subjective Well-being Method“ NBER Working Paper No. 23649 https://www.nber.org/papers/w23649
- Buason, A., Norton, E.C., McNamee, P. Thordardottir, E.B. and Asgeirsdottir, T.L “Towards the Causal Effect of Treatment for Depression and Anxiety on Life Satisfaction” Unpublished manuscript
- Asgeirsdottir, T.L. and Magusdottir, Th. “The value of sleep” Unpublished manuscript
- Asgeirsdottir, T.L., Hardardottir, H. and Jonbjarnardottir, B. “Monetizing victim suffering due to violence” Unpublished manuscript
- Ranarsdottir, A.G., Norton, E.C., McNamee, P. Thordardottir, E.B. and Asgeirsdottir, T.L “Compensating Income Variation across genders in the Household” Unpublished manuscript
- Baldursdottir, K., Norton, E.C., McNamee, P. Thordardottir, E.B. and Asgeirsdottir, T.L “BMI across genders in the household: Evidence from Australia” Unpublished manuscript
- Asgeirsdottir, T.L., Gylfason, G., Hauksdottir, A. Throdrardottir, E.B., Valdimarsdottir, U.A. “Monetizing utility reductions associated with bullying” Unpublished manuscript
- Asgeirsdottir, T.L., Hardardottir, H., Jonbjarnardottir, B., Hauksdottir, A. Throdrardottir, E.B., Valdimarsdottir, U.A. “Monetizing utility reductions associated with sexcual violence” Unpublished manuscript
- Asgeirsdottir, T.L., Thordvaldsdottir, B., Halldorsdottir, G. Matthiasson, Th., and Gislasosn, G.P. “Efficiency of lockdowns in Retirement homes during Covid-19” Unpublished manuscript
- Svavarsdóttir, G. Henrysson, H.A. and Asgeirsdottir, T.L. “The Monetary Value of Well-Being: A Moral Quagmire or the Holy Grail of Policymaking?” Unpublished manuscript
Reports have been made to retirement homes, and the cabinet for policy purposes. The team has given countless talks, both internationally (albeit often virtually due to covid) and domestically. A ConCIV website was created, and a and application has been made to fund an App to easily retract and convert data from the literature to policy applicable formats. The project will furthermore result in two doctoral dissertations (by Anna Guðrún Ragnarsdóttir and Kristjana Baldursdóttir - undefended at this point) and has resulted in multiple theses at the BS and MS levels, reported in Skemman (for example by Brynja Jónbjarnardóttir, Gísli Gylfason, Ásthildur Margrét Jóhannsdóttir, and Þórhildur Magnúsdóttir).
Heiti verkefnis: Greiðsluvilji
fyrir lausn frá sjúkdómum og sjúkdómseinkennum / Willingness to pay for relief
from diseases and symptoms
Verkefnisstjóri: Tinna Laufey Ásgeirsdóttir, Háskóla Íslands
Tegund styrks: Verkefnisstyrkur
Styrktímabil: 2018-2020
Fjárhæð styrks: 56,122 millj. kr. alls
Tilvísunarnúmer Rannís: 184975
