Available online 29 April 2024, 102885

We develop a unified framework for the measurement and valuation of health and productivity. Within this framework, we characterize evaluation functions allowing for compromises between the classical quality-adjusted life years (QALYs) and its polar productivity-adjusted life years (PALYs). Our framework and characterization results provide a new normative basis for the economic evaluation of health care interventions, as well as occupational health and safety policies, aimed to impact both health and productivity of individuals.

D63

I10

J24

Health

Productivity

QALYs

PALYs

Axioms

© 2024 The Author(s). Published by Elsevier B.V.