Hansen, KristianMoreno-Ternero, Juan D.Osterdal, Lars2024-06-142024-06-142024Journal of Health Economics Volume 95, May 2024, 10288510.1016/j.jhealeco.2024.102885https://hdl.handle.net/10433/21065We 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.application/pdfenAttribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/HealthProductivityQALYsPALYsAxiomsjournal articleopen access