ABSTRACT
Health Status Ferrer i Carbonell and van Praag conducted a monetary evaluation kinds of diseases using survey data for Germany. Data envelopment analysis (DEA) was developed by Charnes et al (1978) and is widely applied to firm-level and industry-level efficiency and to productivity analysis along with the stochastic frontier method. Stochastic frontier regression was developed by Aigner et al. (1977) and is widely applied to firm-level and industry-level analysis. The Life Satisfaction Approach (LSA) which evaluates various aspects of daily life in terms of life satisfaction. Monetary values in terms of their annual household income equivalents. The Organisation for Economic Co-operation and Development (OECD) introduced the Better Life Index (BLI) to compare well-being across countries using 11 dimensions related to material living conditions and quality of life (OECD). Personal Security, adopted the number of crimes per 1,000 people within a municipality in which respondents live as a proxy of PSI (intentional homicides) and ps2 (feeling of security).
