Willingness-to-pay and willingness-to-accept of informal caregivers of dependent elderly people in Shanghai, China.

ABSTRACT:

Background

In order to make optimal long-term care-related decisions, it is important to take a societal perspective. Shanghai is one of the pilot cities of social long-term care insurance in China. However, little knowledge exists about the economic value of the informal care provided to dependent elderly people in China. This paper aims to evaluate the economic value of informal caregiving in Shanghai using the contingent valuation method by their least-preferred care tasks, and identify the associated factors of willingness-to-pay (WTP) and willingness-to-accept (WTA) of the informal caregivers.

Methods

This study employed the contingent valuation method to elicit 371 informal caregivers' WTP and WTA for 1 hour of reduction or increase of least-preferred caring tasks in S

SUBMITTER: Liu W 

PROVIDER: S-EPMC7339502 | biostudies-literature | 2020 Jul

REPOSITORIES: biostudies-literature