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Well-being losses due to care-giving
Institution:1. Centre for Health Economics, University of York, United Kingdom;2. CHERE, University of Technology, Sydney, Australia;3. School of Economics, University of NSW, Sydney, Australia
Abstract:This paper estimates the impact of informal caregiving on self-reported well-being. It uses a sample of 23,285 respondents of the first eleven waves of the Household, Income and Labour Dynamics in Australia (HILDA).We apply a relatively new analytical method that enables us to estimate fixed effects ordered logit to analyse subjective well-being. The econometric estimates show that providing informal care has a negative effect on subjective well-being.The empirical evidence of our paper could be helpful to inform policy makers to better understand the impact of caregiving and design the appropriate long term care policies and support services.
Keywords:Informal care  Well-being  Happiness  Life satisfaction  Cost-effectiveness analysis  Cost-benefit analysis
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