File(s) not publicly available
The opportunity costs of informal elder-care in the United States: new estimates from the American time use survey
journal contribution
posted on 2023-06-08, 17:57 authored by Amalavoyal ChariAmalavoyal Chari, John Engberg, Kristin N Ray, Ateev MehrotraObjectives To provide nationally representative estimates of the opportunity costs of informal elder-care in the United States. Data Sources Data from the 2011 and 2012 American Time Use Survey. Study Design Wage is used as the measure of an individual's value of time (opportunity cost), with wages being imputed for nonworking individuals using a selection-corrected regression methodology. Principal Findings The total opportunity costs of informal elder-care amount to $522 billion annually, while the costs of replacing this care by unskilled and skilled paid care are $221 billion and $642 billion, respectively. Conclusions Informal caregiving remains a significant phenomenon in the United States with a high opportunity cost, although it remains more economical (in the aggregate) than skilled paid care.
History
Publication status
- Published
Journal
Health Services ResearchISSN
0017-9124Publisher
Wiley-Blackwell Publishing, IncExternal DOI
Issue
3Volume
50Page range
871-882Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2014-07-29Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC