I think what would really resolve your debate would be associating a quality of life measure to education outcomes as well as to time spent in school. See Whitehead and Ali on assigning health-related quality of life (HRQoL) value to different health outcomes.
Even so comparing health to money itself is a moral decision and depends on ones intuitions and preferences without clear answers. e.g. Give Well values doubling of income for one year = .6 years of life
I value the same doubling of income at less than .1 years
Who is right?
EA community values education (by itself) at zero, so does Give Well. I value 1 year of education = 1 year of life
Putting the two together I value
1 year of education = 6 years of income
I think what would really resolve your debate would be associating a quality of life measure to education outcomes as well as to time spent in school. See Whitehead and Ali on assigning health-related quality of life (HRQoL) value to different health outcomes.
:) brb243
I would be happy for more research
Usually people use LAYS but that has its problems.
Does Education Need a QALY and Is LAYS It?
Even so comparing health to money itself is a moral decision and depends on ones intuitions and preferences without clear answers. e.g. Give Well values doubling of income for one year = .6 years of life I value the same doubling of income at less than .1 years
Who is right?
EA community values education (by itself) at zero, so does Give Well. I value 1 year of education = 1 year of life
Putting the two together I value 1 year of education = 6 years of income
Who is right?
Thanks for the article!!
I think that everyone will be right if LAYS (the unit of quality education provided) is linked to QALYs (the unit of quality life years provided).
Please submit a request to the World Bank (which developed LAYS) and the UK Medical Research Council (which aims to improve the QALY measure).