Table 1 Different versions of WELLBYs and their purpose.
From: The WELLBY: a new measure of social value and progress
Version of WELLBY | Purpose |
|---|---|
Crude WELLBY | Useful for ex-ante policy appraisals or ex-post policy evaluations; CBA and CEA |
Age-standardised WELLBY | Useful for comparisons between populations and/or over time |
Expected lifetime WELLBY | Useful for comparisons between populations and/or over time |
Relative and absolute inequality measures of WELLBY | Useful for calculating gradients and differences/inequalities between groups |
