Consortium on Compensating Income Variation Although difficult, valuing desiderata that do not have a clear market price is important to inform public policy. The ConCIV research group uses and further enhances the compensating income variation (CIV) method to estimate the sufficient monetary compensation needed to offset the welfare losses or gains associated with such desiderata. A case in point is the value of not suffering from health-compromising conditions. In that case the statistical association between income, health, and well-being is used to generate an implied trade-off between income and health. This can, and is also done for other important aspects of life, such as the value of social relationships and safety from violence. Despite methodological advantages over other willingness-to-pay methods, the CIV literature is still very limited in its application but this is rapidly changing. The Consortium on Compensating Income Variation includes scholars from various countries and at various stages in their carrier, as well as institutional affiliates. It is led by Tinna Laufey Asgeirsdottir, professor of economics at the University of Iceland. The research group has received funding from multiple funding sources, such as The Icelandic Research Fund, The University of Iceland Research Fund, The Icelandic Student Innovation Fund, and The Eimskip University Fund. The ConCIV team You find us here Institutional collaborations Landspitali – University hospital The Ministry of Welfare in Iceland The Icelandic Health Insurance Representative publications Here are a few examples of relevant work by members of the ConCIV team: Asgeirsdottir, T.L., Norton, E.C., and Ólafsdóttir, Th. (2019) "Valuing Pain using the Subjective Well-being Method" Economics & Human Biology DOI: 10.1016/j.ehb.2019.100827 https://www.sciencedirect.com/science/article/pii/S1570677X19300656 Asgeirsdottir, T.L., Birgisdottir, K.H., Henrysdóttir, H.B. and Ólafsdóttir, Th. (2019) "Health-related quality of life and compensating income variation for 18 health conditions in Iceland" Applied Economis DOI: 10.1080/00036846.2019.1677849 https://www.tandfonline.com/doi/abs/10.1080/00036846.2019.1677849?journalCode=raec20 McNamee, P. and Mendolia, S. (2018) "Changes in health-related quality of life: a compensating income variation approach“ Applied Economics DOI: 10.1080/00036846.2018.1504160https://www.tandfonline.com/doi/full/10.1080/00036846.2018.1504160 Asgeirsdottir, T.L., Birgisdottir, K.H., Olafsdottir, Th., and Olafsson, S.P. (2017) „A compensating income variation approach to valuing 34 health conditions in Iceland“ Economics & Human Biology 27 (Part A), p. 167-183. https://www.sciencedirect.com/science/article/pii/S1570677X1630168X Olafsdottir, Th., Asgeirsdottir, T.L., and Norton, E.C. (2017) „Valuing Pain using the Subjective Well-being Method“ NBER Working Paper No. 23649https://www.nber.org/papers/w23649 McNamee, P. and Mendolia, S. (2014) „The effect of chronic pain on life satisfaction: Evidence from Australian data“ Social Science & Medicine 121, 65-73.https://www.sciencedirect.com/science/article/pii/S0277953614005863?via%3Dihub Mentzakis, E., McNamee, P., Ryan, M., and Sutton M. (2012) Valuing informal care experience: Does choice of measure matter? Social Indicators Research 108, p. 169-184.https://www.jstor.org/stable/23261309?seq=1#metadata_info_tab_contents News and announcementsConCIV at the 2019 Biomedical and Health Sciences Conference Professor Tinna Laufey Asgeirsdóttir gave a key-note lecture and ConCIV organized two sessions og the value of health at the 19th Biomedical and Health Sciences Conference held at the University of Iceland (19. líf- og heilbrigðisvísindaráðstefna Háskóla Íslands). Kick-off meeting for a new project ConCIV members of all seniority levels convened, collaborated and cerebrated at a two-day meeting in Reykjavik in late November 2018. Edward Norton and Kolbrún Vala Radio discussion on the value of violence Brynja Jonbjarnardottir discussed the value of not suffering the consequences of violence on the radio station Bylgjan. The discussion is in Icelandic. Click here to listen to Brynja Jónbjarnardóttir. ConCIV at Þjóðarspegillinn: Conference in Social Sciences ConCIV organized two sessions at the yearly Conference in Social Sciences (Þjóðarspegillinn), held at the University of Iceland. One of the sessions focused on Health and family, while the other concentrated on Violence. ConCIV precence at the 2018 NHESG Five researchers from ConCIV attended the 2018 NHESG (Nordic Health Economic Study Group) conference in Tromsø, and presented various research papers. At the conference it was announced that ConCIV will host the next NHESG conference in August of 2019. The chairman of the Organizing Committee will be Tinna Laufey Ásgeirsdóttir and the chairman of the Scientific Committee will be Arnar Már Búason. Stay tuned for further information HERE on the conference website. We look forward to welcoming you all to Iceland. Summer workshop held in August 2018 A summer workshop was held in Kjós, outside of Reykjavik in August 2018. A combination of fun and hard work, just as the ConCIV group likes it. A few pictures follow. NHESG 2019 The Nordic Health Economic Study Group (NHESG) 2019 was held in Iceland in August of 2019 and hosted by the ConCIV research group. Further information can be found HERE emailfacebooklinkedintwitter
