Key shortcomings of the Human Capital approach to measuring the monetary value of benefits of new treatments are that it Will generate lower benefits for male lives on average Will generate higher benefits for female lives on average Will tend to OVERVALUE improvements in quality of life Will tend to UNDERVALUE improved survival for people out of labour force

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
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Key shortcomings of the Human Capital approach to measuring the monetary value of benefits of new treatments are that it

Will generate lower benefits for male lives on average
Will generate higher benefits for female lives on average
Will tend to OVERVALUE improvements in quality of life
Will tend to UNDERVALUE improved survival for people out of labour force
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