physical handicaps. The analysis is based on an individual self-rating health satisfaction question asked in the British … Household Panel Survey data set. This question provides a natural cardinalization of health utility .Our method is a refinement … of the method introduced by Cutler and Richardson (1997). We extend their approach in two directions. First, the health …

impediments. The analysis is based on the individual self-rating health satisfaction question asked in the British Household Panel … regarding the relationship between the latent variable "health" and its evaluation into observable QALY's. Second, we allow the …