Discounting and health benefits: another perspective. |
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Authors: | J Cairns |
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Affiliation: | Health Economics Research Unit, University of Aberdeen. |
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Abstract: | This paper reviews the argument advanced by Parsonage and Neuburger that the non-monetary benefits of health programmes should be discounted at a lower rate than that used for financial flows. The conceptual issues raised in that paper are discussed and others, such as the tradability of non-monetary benefits and the link between individual and social discount rates, are introduced. The collection and assessment of more evidence is needed before Parsonage and Neuburger's proposition can be supported. |
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Keywords: | Discounting time preference health programmes non-monetary benefits |
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