This is a linkpost for https://newsletter.deenamousa.com/p/how-much-do-you-value-a-year-of-life
I wrote about the literature on stated preferences for health-income trade-offs (how much people would pay for a QALY in different circumstances). This research is important for policymakers and funders because the way those responses vary could mean stated preferences may under- or over-value some types of health gains.
I expect this to be part of a series on valuing health in monetary terms. Let me know if there's a subset of that topic you're particularly interested in reading about!
One detail that caught my eye from your post was this chart:
I was a bit surprised to see the global average WTP being $67k per QALY or ~5x world GDP per capita, while for these individual countries they seem closer to 0.5-2x.
Eyeballing the chart below from OP's 2021 technical update makes me wonder if that discrepancy is driven by the higher WTP multipliers in LMICs:
But contra my own guess, the authors say
so I remain confused.