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
Willingness-to-pay for reductions in care need: estimating the value of informal care in Alzheimer's disease
✍ Scribed by Anders Gustavsson; Linus Jönsson; Rupert McShane; Mercè Boada; Anders Wimo; Arthur S. Zbrozek
- Publisher
- John Wiley and Sons
- Year
- 2009
- Tongue
- English
- Weight
- 250 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0885-6230
- DOI
- 10.1002/gps.2385
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
Objective
To estimate the value of informal care in Alzheimer's disease using contingent valuation.
Methods
A questionnaire was administered to 517 primary carers in four countries (UK, Spain, Sweden, and US). Dichotomous choice and bidding game methods were used to elicit their willingness to pay for a reduction in care burden by 1 h per day, or a total elimination of care needs. Further, the relationship between carer willingness to pay and carer and patient characteristics including disease severity and income was examined.
Results
Carers spend on average about 7–9 h per day on giving care to their patient, of which 4–5 h constituted basic and instrumental ADL tasks. For a 1 h reduction in need for care per day, carers in the UK, Spain, Sweden, and US said that they were willing to pay £105, £121, £59, and £144 per month respectively. The willingness to pay was higher for carers with higher disposable income while the influence of other determinants varied across countries. About one‐third of carers were not willing to pay anything for a reduction in care.
Conclusions
Carers' stated willingness to pay for reductions in care giving time is substantial and comparable to the prices currently paid for treatments that achieve this benefit. Its determinants seem more directly related to carer status than directly to patient status and may vary by region and by cultural and sociologic factors. Copyright © 2009 John Wiley & Sons, Ltd.
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