Informal care is the mainstay of support for many people living in the community, particularly those with long-term care needs. Informal care does not have an explicit value to reflect the resources required to provide informal care-related activities, or the benefits of doing so. Few economic evaluations value informal care. To include informal care in economic evaluations requires methods to measure and value the benefits and costs of informal care. This article reviews the methods used for measuring and valuing informal care in monetary and nonmonetary terms.
|Title of host publication
|Encyclopedia of Health Economics
|Place of Publication
|Number of pages
|Published - 2014
- Economic evaluation; Informal care; Valuation