Valuing informal care experience: does choice of measure matter?
Valuing informal care experience: does choice of measure matter?
Well-being equations are often estimated to generate monetary values for non-marketed activities. In such studies, utility is often approximated by either life satisfaction or General Health Questionnaire scores. We estimate and compare monetary valuations of informal care for the first time in the UK employing both measures, using longitudinal data on well-being and informal care provision. The choice of well-being measure has some effect on the estimated parameters and resulting monetary valuations, but any differences are not statistically significant. Further research is needed to confirm the comparability of these measures if researchers are to continue to use them interchangeably.
Humanities, Social Sciences and Law
169-184
Mentzakis, Emmanouil
c0922185-18c7-49c2-a659-8ee6d89b5d74
McNamee, Paul
ebb7a998-46dd-42e1-9579-53e48cf3350b
Ryan, Mandy
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Sutton, Matthew
4b3366bd-ed1f-4ea0-8880-47d010d59c30
2012
Mentzakis, Emmanouil
c0922185-18c7-49c2-a659-8ee6d89b5d74
McNamee, Paul
ebb7a998-46dd-42e1-9579-53e48cf3350b
Ryan, Mandy
92290d80-9a03-4b84-a695-9b3573319e52
Sutton, Matthew
4b3366bd-ed1f-4ea0-8880-47d010d59c30
Mentzakis, Emmanouil, McNamee, Paul, Ryan, Mandy and Sutton, Matthew
(2012)
Valuing informal care experience: does choice of measure matter?
Social Indicators Research, 108 (1), .
(doi:10.1007/s11205-011-9873-y).
Abstract
Well-being equations are often estimated to generate monetary values for non-marketed activities. In such studies, utility is often approximated by either life satisfaction or General Health Questionnaire scores. We estimate and compare monetary valuations of informal care for the first time in the UK employing both measures, using longitudinal data on well-being and informal care provision. The choice of well-being measure has some effect on the estimated parameters and resulting monetary valuations, but any differences are not statistically significant. Further research is needed to confirm the comparability of these measures if researchers are to continue to use them interchangeably.
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Published date: 2012
Keywords:
Humanities, Social Sciences and Law
Organisations:
Economics
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Local EPrints ID: 345210
URI: http://eprints.soton.ac.uk/id/eprint/345210
ISSN: 0303-8300
PURE UUID: e1423ab3-d083-4634-ba6d-e3862d07244b
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Date deposited: 14 Nov 2012 09:56
Last modified: 15 Mar 2024 03:42
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Author:
Paul McNamee
Author:
Mandy Ryan
Author:
Matthew Sutton
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