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ERIC Number: EJ971564
Record Type: Journal
Publication Date: 2012-Aug
Pages: 16
Abstractor: As Provided
Reference Count: 54
ISSN: ISSN-0303-8300
Valuing Informal Care Experience: Does Choice of Measure Matter?
Mentzakis, Emmanouil; McNamee, Paul; Ryan, Mandy; Sutton, Matthew
Social Indicators Research, v108 n1 p169-184 Aug 2012
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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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United Kingdom