S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Department of Economics, Karlstad University Karlstad University Working Papers in Economics

No 12:
The Willingness to Pay for a QALY: a Review of the Empirical Literature

Linda Ryen () and Mikael Svensson ()

Abstract: There has been a rapid increase in the use of cost-effectiveness analysis, with Quality Adjusted Life Years (QALYs) as an outcome measure, in evaluating both medical technologies and public health interventions. Alongside, there is a growing literature on the monetary value of a QALY based on estimates of the willingness to pay (WTP). This paper conducts a review of the literature on the WTP for a QALY. In total 24 studies containing 383 unique estimates of the WTP for a QALY are identified. Trimmed mean and median estimates amount to 74,159 and 24,226 Euros (2010 price level), respectively. In regression analyses the results indicate that the WTP for a QALY is significantly higher if the QALY gain comes from life extension rather than quality of life improvements. The results also show that the WTP for a QALY is dependent on the size of the QALY gain valued.

Keywords: QALY; Willingness to pay; Literature Review; (follow links to similar papers)

JEL-Codes: D61; H51; I18; (follow links to similar papers)

29 pages, July 28, 2014

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

2014_12_pdf_71606.pdf    PDF-file
Download Statistics
This paper is forthcoming as:
Ryen, Linda and Mikael Svensson, 'The Willingness to Pay for a QALY: a Review of the Empirical Literature', Health Economics.



Questions (including download problems) about the papers in this series should be directed to Mikael Svensson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:kaunek:0012 This page was generated on 2014-12-14 19:24:35