Estimating the value of informal care provided to people with dementia in Australia.
There are approximately 200,000 Australians providing informal care to a person with dementia. While informal carers spend a significant amount of time on caregiving, the time costs of informal care are often neglected in health policy decisions, including funding decisions. This is often due to the lack of robust methods to place a monetary value on time spent on caregiving. To overcome this problem, the aim of this project is to derive a preference-based monetary value of the time costs of informal care provided to people with dementia, accounting for positive and negative impacts of informal care. This information will ultimately improve policy advice that utilises cost-effectiveness information and will facilitate the inclusion of the time costs of informal care in future economic evaluations of health care interventions. As such, this project has the potential to improve the quality of dementia care across Australia and the services that people living with dementia and their carers receive.
Dr Engel is a Research Fellow at Deakin Health Economics, based at the Institute for Health Transformation, Deakin University.