Value of Self-Rated Health Bleg
Social scientists and medical researchers often ask people to rate their own health. The General Social Survey, for example, asks respondents to place themselves on a four-step scale:
Would you say your own health, in general, is
excellent, good, fair, or poor?
Question: Do you know of any researchers who try to place a dollar value on self-rated health? I’m well aware of research on the dollar value of (a) a year of life, and (b) quality-adjusted life years. What I’m looking for is research that specifically puts a dollar value on a step of self-rated health.
I’m tempted to just ballpark it at 10% of annual full-time income per step on a four-point scale, but if anyone’s proposed anything more sophisticated, I want to know about it.
Thanks in advance.