✦ LIBER ✦

Economic valuation of informal care: the contingent valuation method applied to informal caregiving

✍ Scribed by Bernard van denBerg; Werner Brouwer; Job van Exel; Marc Koopmanschap

Publisher: John Wiley and Sons
Year: 2005
Tongue: English
Weight: 166 KB
Volume: 14
Category: Article
ISSN: 1057-9230
DOI: 10.1002/hec.893

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

This paper reports the results of the application of the contingent valuation method (CVM) to determine a monetary value of informal care. We discuss the current practice in valuing informal care and a theoretical model of the costs and benefits related to the provision of informal care. In addition, we developed a survey in which informal caregivers' willingness to accept (WTA) to provide an additional hour of informal care was elicited. This method is better than normally recommended valuation methods able to capture the heterogeneity and dynamics of informal care.

Data were obtained from postal surveys. A total of 153 informal caregivers and 149 care recipients with rheumatoid arthritis returned a completed survey. Informal caregivers reported a mean WTA to provide a hypothetical additional hour of informal care of 9.52 Euro (n=124). Many hypotheses derived from the theoretical model and the literature were supported by the data.

CVM is a promising alternative for existing methods like the opportunity cost method and the proxy good method to determine a monetary value of informal care that can be incorporated in the numerator of any economic evaluation. Copyright © 2004 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

Monetary valuation of informal care: the

Monetary valuation of informal care: the well-being valuation method

✍ Bernard van den Berg; Ada Ferrer-i-Carbonell 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 190 KB 👁 1 views

## Abstract This paper estimates the monetary value of providing informal care by means of a well‐being valuation method. This is done by assessing the compensating variation necessary to maintain the same level of well‐being after an informal caregiver provides an extra hour of informal care. The

The value of informal care–a further inv

The value of informal care–a further investigation of the feasibility of contingent valuation in informal caregivers

✍ Claudine de Meijer; Werner Brouwer; Marc Koopmanschap; Bernard van den Berg; Job 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 150 KB 👁 1 views

## Abstract Including informal care in economic evaluations is increasingly advocated but problematic. We investigated three well‐known concerns regarding contingent valuation (CV): (1) the item non‐response of CV values, (2) the sensitivity of CV values to the individual circumstances of caring, a

The economic value of informal care: a s

The economic value of informal care: a study of informal caregivers' and patients' willingness to pay and willingness to accept for informal care

✍ Bernard van den Berg; Han Bleichrodt; Louis Eeckhoudt 📂 Article 📅 2005 🏛 John Wiley and Sons 🌐 English ⚖ 162 KB 👁 1 views

We provide a new test of the feasibility of using contingent valuation to value informal care. We start with a theoretical model of informal caregiving and derive that willingness to pay depends positively on wealth and negatively on own health, whereas the effect of other's health is sign-ambiguous

Assessing the economic value of a public

Assessing the economic value of a public birdwatching interpretative service using a contingent valuation method

✍ Choong-Ki Lee; Jin-Hyung Lee; James W. Mjelde; David Scott; Tae-Kyun Kim 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 93 KB

## Abstract Although resource interpretative services are an essential conservation management tool that can add value to ecotourism experiences, there has been little empirical investigation on the ‘true’ economic value of such services. As such, this study's objective is to estimate the economic

Testing the convergent validity of the c

Testing the convergent validity of the contingent valuation and travel cost methods in valuing the benefits of health care

✍ Philip M. Clarke 📂 Article 📅 2002 🏛 John Wiley and Sons 🌐 English ⚖ 140 KB 👁 1 views

## Abstract In this study, the convergent validity of the contingent valuation method (CVM) and travel cost method (TCM) is tested by comparing estimates of the willingness to pay (WTP) for improving access to mammographic screening in rural areas of Australia. It is based on a telephone survey of

Demand assessment and price-elasticity e

Demand assessment and price-elasticity estimation of quality-improved primary health care in palestine: a contribution from the contingent valuation method

✍ Awad Mataria; Stéphane Luchini; Yousef Daoud; Jean-Paul Moatti 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 206 KB 👁 2 views

## Abstract This paper proposes a new methodology to assess demand and price‐elasticity for health care, based on patients' stated willingness to pay (WTP) values for certain aspects of health care quality improvements. A conceptual analysis of how respondents consider contingent valuation (CV) que