A comprehensive measure of the costs of caring for a parent: differences according to functional status
- Collection:
- Health Policy and Services Research
- Series Title(s):
- Research brief (Leonard Davis Institute of Health Economics)
- Author(s):
- Coe, Norma B., author Skira, Meghan M., author Larson, Eric B., author
- Contributor(s):
- Leonard Davis Institute of Health Economics, issuing body.
- Publication:
- Philadelphia, PA : Leonard Davis Institute of Health Economics, 2018
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Caregivers -- economics Home Nursing -- economics Parents Activities of Daily Living Adult Children Cost of Illness Dementia -- economics Health Status Leisure Activities -- economics Salaries and Fringe Benefits Humans United States
- Genre(s):
- Technical Report
- Abstract:
- Providing unpaid care for an older parent has costs that go well beyond a caregiver's lost wages. A new estimate suggests that the median direct and indirect costs of caregiving are $180,000 over two years, about the same as full-time institutional care. This estimate accounts for lost earnings as well as non-tangible factors, such as lost leisure time and changes to the caregiver's well-being. It suggests that informal care cost caregivers at least $277 billion in 2011, which is 20 percent higher than estimates that only consider lost wages.
- Copyright:
- Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
- Extent:
- 1 online resource (1 PDF file (2 unnumbered pages))
- Illustrations:
- Illustrations and Portraits
- NLM Unique ID:
- 101738503 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/101738503