View More View Less
  • 1 Syreon Research Institute, Budapest, Hungary
  • | 2 Syreon Research Institute, Budapest, Hungary
  • | 3 Syreon Research Institute, Eötvös Loránd University (ELTE), Budapest, Hungary
  • | 4 PregLem SA, Geneva, Switzerland
  • | 5 Eötvös Loránd University, Budapest, Hungary
Restricted access

Purchase article

USD  $25.00

1 year subscription (Individual Only)

USD  $700.00

The objective of this study is to quantify the value of a child born in 27 EU countries and Switzerland. The Human Capital (HC) approach was used to estimate the social benefit arising from an additional childbirth. The value of a newborn child was calculated by summing up the discounted value of all expected future gross earnings of the individual, including an imputed value for household production. The estimation takes into account life expectancy and the probability of being employed or in household production by age-groups. Input data was obtained from Eurostat and the Human Mortality Database. In 2012, the purchasing power parity adjusted present value (PV) of a newborn child was EUR 108.4 thousand in Bulgaria and EUR 803.6 thousand in Denmark. By applying the actual exchange rates, the difference between the lowest value (EUR 48.8 thousand in Bulgaria) and the highest value (EUR 1.1 million in Switzerland) was increased. The PV was highly sensitive to the discount rate. The fertility interventions are expected to gain popularities among other health priorities as a tool to counter generation ageing. However, in order to enhance fertility among other health priorities, policy-makers must take into account the full social value based on the local estimates.

  • Agency for Health Technology Assessment, Poland (2009): Guidelines for Conducting Health Technology Assessment. http://www.ispor.org/peguidelines/source/Poland_Guidelines-for-Conducting -HTA_English-Version.pdf

    • Search Google Scholar
    • Export Citation
  • Balbo, N.Billari, F. C.Mills, M. (2013): Fertility in Advanced Societies: A Review of Research. European Journal of Population, 29(1): 138.

    • Search Google Scholar
    • Export Citation
  • Behmane, D.Lambot, K.Irs, A.Steikunas, N. (2002): Baltic Guideline for Economic Evaluation of Pharmaceuticals (Pharmacoeconomic Analysis). Latvian Medicines Pricing and Reimbursement Agency. http://www.zca.gov.lv/english/guidelines.html

    • Search Google Scholar
    • Export Citation
  • Belgian Health Care Knowledge Centre. (2012): Belgian Guidelines for Economic Evaluations and Budget Impact Analyses: Second Edition. https://kce.fgov.be/sites/default/files/page_documents / KCE_183C_economic_evaluations_second_edition_0.pdf

    • Search Google Scholar
    • Export Citation
  • Capri, S.Ceci, A.Terranova, L.Morle, F.Mantovani, L. (2001): Guidelines for Economic Evaluations in Italy: Recommendations from the Italian Group of Pharmacoeconomic Studies. Drug Information Journal, 35(1): 189201.

    • Search Google Scholar
    • Export Citation
  • Carone, G.Denis, C.Mc Morrow, K.Mourre, G.Röger, W. (2006): Long-Term Labour Productivity and GDP Projections for the EU25 Member States: A Production Function Framework. European Economy - Economic Papers (European Commission DG ECFIN), 253: 192.

    • Search Google Scholar
    • Export Citation
  • Deonandan, R.Campbell, M. K.Østbye, T.Tummon, I. (2000): Toward a more Meaningful in Vitro Fertilization Success Rate. Journal of Assisted Reproduction and Genetics, 17(9): 498503.

    • Search Google Scholar
    • Export Citation
  • Dolan, T. J.Hodgson, T. A.Wun, W. M. (1980): Present Values of Expected Lifetime Earnings and Housekeeping Services, 1977. Hyattsville: National Center for Health Statistics, Division of Analysis.

    • Search Google Scholar
    • Export Citation
  • Eurostat (2010): Structure of Earnings Survey (ESES) 2010. http://appsso.eurostat.ec.europa.eu/ nui/show.do?dataset=earn_ses_annual&lang=en

    • Search Google Scholar
    • Export Citation
  • Eurostat (2012a): Fertility Statistics. http://epp.eurostat.ec.europa.eu/statistics_explained/index. php/Fertility_statistics Eurostat (2012b): European Union Labor Force Survey (EU-LFS) 2012.

    • Search Google Scholar
    • Export Citation
  • Eurostat (2012c): Mortality Statistics. http://appsso.eurostat.ec.europa.eu/nui/show. do?dataset=demo_mlifetable&lang=en

  • Eurostat (2012d): Employment Rate by Sex. http://ec.europa.eu/eurostat/tgm/table.do?tab=table&in it=1&language=en&pcode=tsdec420&plugin=1 Eurostat (2012e): Purchasing Power Parities, Price Level Indices and Real Expenditures for ESA95 Aggregates. http://appsso.eurostat.ec.europa.eu/nui/submitViewTableAction.do

    • Search Google Scholar
    • Export Citation
  • Gravelle, H.Smith, D. (2001): Discounting for Health Effects in Cost-Benefit and Cost-Effectiveness Analysis. Health Econ, 10(7): 587599.

    • Search Google Scholar
    • Export Citation
  • Haikonen, K.Lillsunde, P. M.Lunetta, P.Kokki, E. (2016): Economic Burden of Fire-Related Deaths in Finland, 2000-2010: Indirect Costs Using a Human Capital Approach. Burns, 42(1): 5662.

    • Search Google Scholar
    • Export Citation
  • Haute Autorité de Santé (2004):Choices in Methods for Economic Evaluation. https://www.hassante.fr/portail/upload/docs/application/pdf/2012-10/choices_in_methods_for_economic_ evaluation.pdf

    • Search Google Scholar
    • Export Citation
  • Health Information and Quality Authority, Ireland (2014): Guidelines for the Economic Evaluation of Health Technologies in Ireland. https://www.hiqa.ie/sites/default/files/2017-01/Revised_Economic_ Guidelines_posted_100714.pdf

    • Search Google Scholar
    • Export Citation
  • Human Mortality Database (2012): http://www.mortality.org

  • INFARMED (1998): Guidelines for Economic Drug Evaluation Studies. http://www.ispor.org/ peguidelines/source/PE%20guidelines%20in%20English_Portugal.pdf

    • Search Google Scholar
    • Export Citation
  • Institute for Pharmaeconomic Research (IPF) (2006): Austrian Guidelines on Health Economic Evaluation, Consensus Paper. http://www.ispor.org/peguidelines/source/Guidelines_Austria. pdf

    • Search Google Scholar
    • Export Citation
  • Institute for Quality and Efficiency in Health Care, Germany (2017): General Methods Version 5.0. https://www.iqwig.de/download/Allgemeine-Methoden_Version-5-0.pdf

    • Search Google Scholar
    • Export Citation
  • Laakkeiden Hintalautakunta, Finland (2015): Preparing a Health Economic Evaluation to Be Attached to the Application for Reimbursement Status and Wholesale Price for a Medicinal Product. http://www.hila.fi/c/document_library/get_file?folderId=793451&name=DLFE-9132.pdf

    • Search Google Scholar
    • Export Citation
  • Landefeld, J. S.Seskin, E. P. (1982): The Economic Value of Life: Linking Theory to Practice. American Journal of Public Health, 72(6): 555566.

    • Search Google Scholar
    • Export Citation
  • Lopez-Bastida, J.Oliva, J.Antonanzas, F.Garica-Altes, A.Gisbert, R.Mar, J.Puig-Junov, J. (2010): Spanish Recommendations on Economic Evaluation of Health Technologies. European Journal of Health Economics, 11(5): 513520.

  • Malinowski, K. P.Kawalec, P. P.Moćko, P. (2015): Indirect Costs of Absenteeism due to Rheumatoid Arthritis, Psoriasis, Multiple Sclerosis, Insulin-Dependent Diabetes Mellitus, and Ulcerative Colitis in 2012: A Study Based on Real-Life Data from the Social Insurance Institution in Poland. Expert Review of Pharmacoeconomics & Outcomes Research, 16(2): 295303.

    • Search Google Scholar
    • Export Citation
  • Max, W.Rice, D. P.Sung, H. Y.Martha, M. (2002): Valuing Human Life: Estimating the Present Value of Lifetime Earnings. San Francisco: Institute for Health & Aging.

    • Search Google Scholar
    • Export Citation
  • Ministry of Health, Slovak Republic (2011): Guidelines for Economic Evaluation of Health Care Interventions. http://www.zakonypreludi.sk/zz/2011-422

    • Search Google Scholar
    • Export Citation
  • Ministry of Human Resources, Hungary (2017): Az Emberi Erőforrások Minisztériuma szakmai irányelve az egészségügyi technológia értékelés módszertanáról és ennek keretében költséghatékonysági elemzések készítéséről (Professional healthcare guideline on the methodology of health technology assessment). Egészségügyi Közlöny, LXVI(3): 821842.

    • Search Google Scholar
    • Export Citation
  • NICE (2013): Guide to the Methods of Technology Appraisal 2013. http://www.nice.org.uk/article/pmg9/resources/non-guidance-guide-to-the-methods-of-technology-appraisal-2013-pdf

    • Search Google Scholar
    • Export Citation
  • Norwegian Medicines Agency (2012): Guidelines on How to Conduct Pharmacoeconomic Analyses. http://www.ispor.org/peguidelines/source/Norwegian_guidelines2012.pdf

    • Search Google Scholar
    • Export Citation
  • OECD (2013): Statistics on Average Effective Age and Official Age of Retirement in OECD Countries. http://www.oecd.org/els/public-pensions/ageingandemploymentpolicies-statisticson averageeffectiveageofretirement.htm

    • Search Google Scholar
    • Export Citation
  • OECD (2014): OECD Factbook 2013: Economic, Environmental and Social Statistics. OECD Publishing. http://www.oecd-ilibrary.org/sites/factbook-2013-en/01/01/02/index.html?itemId=/ content/chapter/fact book-2013-2-en

    • Search Google Scholar
    • Export Citation
  • Pharmaceutical Benefits Board, Sweden (2003): General Guidelines for Economic Evaluations. http://www.ispor.org/peguidelines/source/Guidelines_in_Sweden.pdf

    • Search Google Scholar
    • Export Citation
  • Savova, A.Stoimenova, A.Manova, M.Zidarova, B.Petrova, G.Danchev, N. (2015): Pharmacoeconomic Guideline for Positive Drug List Application Purposes Implemented in Bulgaria. Value Health, 18(7): A548.

    • Search Google Scholar
    • Export Citation
  • Skoupa, J.Annemans, L.Hajek, P. (2014): Health Economic Data Requirements and Availability in the European Union: Results of a Survey among 10 European Countries. Value Health Regional Issues, 4: 5357.

    • Search Google Scholar
    • Export Citation
  • Wallach, E. E.Vlahos, N. F. (2004): Uterine Myomas: An Overview of Development, Clinical Features, and Management. Obstet Gynecol, 104(2): 393406.

    • Search Google Scholar
    • Export Citation
  • WHO (2004): Global Burden of Disease 2004 Update: Disability Weights for Diseases and Conditions. http://www.who.int/healthinfo/global_burden_disease/GBD2004_DisabilityWeights.pdf

    • Search Google Scholar
    • Export Citation
  • Yli-Kuha, A. N. (2012): Prevalence and Socio-Demographic Determinants of Infertility, Success of Infertility Treatments and Health of Treated Women. Tampere: University of Tampere.

    • Search Google Scholar
    • Export Citation
  • Zorginstituut Nederland, The Netherlands (2016): Guideline for Economic Evaluations in Healthcare. https://www.ispor.org/PEguidelines/source/Netherlands_Guideline_for_economic_evaluations_ in_healthcare.pdf

    • Search Google Scholar
    • Export Citation
Submit Your Manuscript
 
The author instruction is available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

 

Senior editors

Editor(s)-in-Chief: Prof. Dr. Mihályi, Péter

Editor(s): Ványai, Judit

Editorial Board

  • Ádám Török (Chairman) / University of Pannonia; Budapest University of Technology and Economics
  • Edina Berlinger / Corvinus University of Budapest, Department of Finance
  • Péter Halmai / Budapest University of Technology and Economics; National University of Public Service
  • István Kónya / Institute of Economics Centre for Regional and Economic Studies, University of Pécs
  • János Köllő / Institute of Economics Centre for Regional and Economic Studies
  • István Magas / Corvinus University of Budapest, Department of World Economy; University of Physical Education, Department. of Sports and Decision Sciences
 

Advisory Board

  • Ǻslund, Anders, Institute of International Economics, Washington (USA)
  • Kolodko, Grzegorz, Kozminski University, Warsaw (Poland)
  • Mau, Vladimir, Academy of National Economy (Russia)
  • Messerlin, Patrick A, Groupe d’Economie Mondiale (France)
  • Saul Estrin, London School of Economics (UK)
  • Wagener, Hans-Jürgen, Europa Universität Viadrina (Germany)

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary

Indexing and Abstracting Services:

  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index
  • Index Copernicus

 

2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
Citation Indicator   
Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
Scite Score Rank  
Scopus 0,668
SNIP  
Days from  289
sumbission  
to acceptance  
Days from  447
acceptance  
to publication  

2019  
Total Cites
WoS
212
Impact Factor 0,914
Impact Factor
without
Journal Self Cites
0,728
5 Year
Impact Factor
0,650
Immediacy
Index
0,156
Citable
Items
45
Total
Articles
45
Total
Reviews
0
Cited
Half-Life
3,9
Citing
Half-Life
9,5
Eigenfactor
Score
0,00015
Article Influence
Score
0,052
% Articles
in
Citable Items
100,00
Normalized
Eigenfactor
0,01891
Average
IF
Percentile
28,437
Scimago
H-index
12
Scimago
Journal Rank
0,439
Scopus
Scite Score
214/165=1,3
Scopus
Scite Score Rank
Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
0,989

 

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2021 Online subsscription: 588 EUR / 732 USD
Print + online subscription: 688 EUR / 860 USD
Subscription fee 2022 Online subsscription: 600 EUR / 750 USD
Print + online subscription: 704 EUR / 880 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Publication
Programme
2021 Volume 71
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
May 2021 8 0 0
Jun 2021 2 0 0
Jul 2021 6 1 2
Aug 2021 1 0 0
Sep 2021 1 0 0
Oct 2021 2 0 0
Nov 2021 0 0 0