Using discrete choice experiments to value informal care tasks: exploring preference heterogeneity


Mentzakis, Emmanouil, Ryan, Mandy and McNamee, Paul (2011) Using discrete choice experiments to value informal care tasks: exploring preference heterogeneity. Health Economics, 20, (8), 930-944. (doi:10.1002/hec.1656).

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Original Publication URL: http://dx.doi.org/10.1002/hec.1656

Description/Abstract

Abstract While informal care is a significant part of non-market economic activity, its value is rarely acknowledged, perhaps reflecting a lack of market data. Traditional methods to value such care include opportunity and replacement cost. This study is the first to employ the discrete choice experiment methodology to value informal care tasks. A monetary value is estimated for three tasks (personal care, supervising and household tasks). The relationship between time spent on formal and informal care is also modelled and preference heterogeneity investigated using the Latent Class Model. Complementarity between supervising tasks and formal care is observed. Monetary compensation is important, with willingness to accept per hour values ranging from Ã�£0.38 to

Item Type: Article
ISSNs: 1057-9230 (print)
1099-1050 (electronic)
Related URLs:
Keywords: informal care; valuation; discrete choice experiments; latent class model
Subjects: R Medicine > RA Public aspects of medicine
Divisions: Faculty of Social and Human Sciences > Social Sciences > Economics
ePrint ID: 345213
Date Deposited: 13 Nov 2012 14:37
Last Modified: 27 Mar 2014 20:27
URI: http://eprints.soton.ac.uk/id/eprint/345213

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