2014 Conference Presentation
The study assess the relationship between the monetary value of informal care – approximated with the caregiver’s willingness to pay to reduce caregiving time – and the caregiver’s need of three types of support services: care training, respite care and support group. To our knowledge no evaluation has been carried out so far in France, while some were found in other European countries, especially in the UK.
Data & Methods: The data used stemmed from two representative national surveys conducted by the French National Institute of Statistics in association with the Ministry of Health in 2008. The contingent valuation method was used to approximate the monetary value of informal care. The model was run on 223 informal caregivers of people with Alzheimer’s Disease. Statistical analyses 51 were performed using Heckman’s two-step estimation strategy, which is known to correct selection bias.
Results: On average, one hour of informal care was estimated at €12.1. Monetary value of informal care was influenced by the caregiver’s need of care training