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Journal Article

Valuing informal care experience: does choice of measure matter?

Authors

Publication date

Aug 2012

Summary


Well-being equations are often estimated to generate monetary values for nonmarketed 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.

Published in

Social Indicators Research

Volume and page numbers

108 , 169 -184

DOI

http://dx.doi.org/10.1007/s11205-011-9873-y

ISSN

16

Subjects

Economics, Well Being, and Caregiving

Notes

Not held in Res Lib - bibliographic reference only

#520674


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