Including informal care in economic evaluations is increasingly advocated but problematic. We investigated three well-known concerns regarding contingent valuation (CV): (1) the item non-response of CV values, (2) the sensitivity of CV values to the individual circumstances of caring, and (3) the choice of valuation method by comparing willingness-to-pay (WTP) and willingness-to-accept (WTA) values for a hypothetical marginal change in hours of informal care currently provided. The study sample consisted of 1453 caregivers and 787 care recipients. Of the caregivers, 603 caregivers (41.5%) provided both WTP and WTA values, 983 (67.7%) provided at least one. Determinants of non-response were dependent on the valuation method; primary determinants were education and satisfaction with amount of informal care provided. Caregivers' mean WTP (WTA) for reducing (increasing) informal care by 1 h was €9.13 (10.52). Care recipients' mean WTA (WTP) for reducing (increasing) informal care by 1 h was €8.88 (€6.85). Values were associated with a variety of characteristics of the caregiving situation; explanatory variables differed between WTP and WTA valuations. The differences between WTP and WTA valuations were small. Based on sensitivity CV appears to be a useful method to value informal care for use in economic evalations, non-response, however, remains a matter of concern. Copyright

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Keywords Contingent valuation, Informal care, Willingness-to-accept, Willingness-to-pay
Persistent URL dx.doi.org/10.1002/hec.1513, hdl.handle.net/1765/28344
Citation
de Meijer, C.A.M., Brouwer, W.B.F., Koopmanschap, M.A., van den Berg, B., & van Exel, N.J.A.. (2010). The value of informal care - A further investigation of the feasibility of contingent valuation in informal caregivers. Health Economics, 19(7), 755–771. doi:10.1002/hec.1513