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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), pp. 930-944. (doi:10.1002/hec.1656).

Record type: Article

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

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More information

Published date: 26 August 2011
Keywords: informal care, valuation, discrete choice experiments, latent class model
Organisations: Economics

Identifiers

Local EPrints ID: 345213
URI: http://eprints.soton.ac.uk/id/eprint/345213
ISSN: 1099-1050
PURE UUID: 2031f4c9-1aac-41f7-946d-6ff65f43c230

Catalogue record

Date deposited: 13 Nov 2012 14:37
Last modified: 18 Jul 2017 05:11

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Contributors

Author: Mandy Ryan
Author: Paul McNamee

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