LSE Ageing & Health Incentive Lab (AHIL) (@lseahil.bsky.social)

"The income equivalent required to offset the disutility experienced by informal caregivers – ranges from 0.85% in Germany to 4.2% in France, and declines as the country's share of formal long-term care spending increases" cepr.org/voxeu/column...

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The overlooked economic value of adult informal care Unpaid care provided by family members or friends remains the predominant form of support for older people in Europe. This column examines ways to measure the value of informal care and presents estimates using a wellbeing-based methodology. The findings suggest that the compensating surplus – the income equivalent required to offset the disutility experienced by informal caregivers – ranges from €5 per hour in Spain to €22 per hour in Switzerland, while the value as a percentage of GDP ranges from 0.85% in Germany to 4.2% in France. The relative value declines as the country's share of formal long-term care spending increases. https://cepr.org/voxeu/columns/overlooked-economic-value-adult-informal-care