Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study
Purpose – This paper aims to study the value of informal care (IC) time from the perspective of caregivers using two alternative contingent valuation tools – willingness to pay (WTP) and willingness to accept (WTA) – and to identify the variables that affect the stated values. Design/methodology/app...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Emerald Publishing
2023-11-01
|
| Series: | Applied Economic Analysis |
| Subjects: | |
| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/AEA-02-2023-0044/full/pdf |
| _version_ | 1797633780648771584 |
|---|---|
| author | Juan Oliva Luz María Peña Longobardo Leticia García-Mochón José María Abellán-Perpìñan María del Mar García-Calvente |
| author_facet | Juan Oliva Luz María Peña Longobardo Leticia García-Mochón José María Abellán-Perpìñan María del Mar García-Calvente |
| author_sort | Juan Oliva |
| collection | DOAJ |
| description | Purpose – This paper aims to study the value of informal care (IC) time from the perspective of caregivers using two alternative contingent valuation tools – willingness to pay (WTP) and willingness to accept (WTA) – and to identify the variables that affect the stated values. Design/methodology/approach – The authors used data from a multi-centre study of 610 adult caregivers conducted in two Spanish regions in 2013. The existence of “protest zeros” and “economic zeros” because of the severe budgetary constraints of the households was also considered. Two-part multivariate models were used to analyse the main factors that explained the declared values of WTA and WTP. Findings – The average WTP and WTA were €3.12 and €5.98 per hour of care, respectively (€3.2 and €6.3 when estimated values for “protest zeros” and “economic zeros” were considered). Some explanatory variables of WTA and WTP are coincident (place of residence and intensity of care time), whereas other variables only help to explain WTP values (household and negative coping with caregiving) or WTA values (age and burden of care). Some nuances are also identified when comparing the results obtained without protest and economic zeros with the estimated values of these special zeros. Originality/value – Studies analysing the determinants of WTP and WTA in IC settings are very scarce. This paper seeks to provide information to fill this gap. The results indicate that the variables that explain the value of IC from one perspective may differ from the variables that explain it from an alternative perspective. Given the relevance of contextual factors, studies on the topic should be expanded, and care should be taken with the extrapolation of results across countries and settings. |
| first_indexed | 2024-03-11T11:58:25Z |
| format | Article |
| id | doaj.art-18df39b174da43bbab3e83f94d1af509 |
| institution | Directory Open Access Journal |
| issn | 2632-7627 |
| language | English |
| last_indexed | 2024-03-11T11:58:25Z |
| publishDate | 2023-11-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Applied Economic Analysis |
| spelling | doaj.art-18df39b174da43bbab3e83f94d1af5092023-11-08T10:13:25ZengEmerald PublishingApplied Economic Analysis2632-76272023-11-01319319922210.1108/AEA-02-2023-0044Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE studyJuan Oliva0Luz María Peña Longobardo1Leticia García-Mochón2José María Abellán-Perpìñan3María del Mar García-Calvente4Department of Economic Analysis and Finance, Universidad de Castilla-La Mancha, Toledo, SpainDepartment of Economic Analysis and Finance, Universidad de Castilla-La Mancha, Toledo, SpainEscuela Andaluza de Salud Pública y CIBER de Epidemiología y Salud Pública (CIBERESP), Granada, SpainDepartamento de Economía Aplicada, Universidad de Murcia, Murcia, SpainEscuela Andaluza de Salud Pública (EASP) e Instituto de Investigación Biosanitaria de Granada, Granada, SpainPurpose – This paper aims to study the value of informal care (IC) time from the perspective of caregivers using two alternative contingent valuation tools – willingness to pay (WTP) and willingness to accept (WTA) – and to identify the variables that affect the stated values. Design/methodology/approach – The authors used data from a multi-centre study of 610 adult caregivers conducted in two Spanish regions in 2013. The existence of “protest zeros” and “economic zeros” because of the severe budgetary constraints of the households was also considered. Two-part multivariate models were used to analyse the main factors that explained the declared values of WTA and WTP. Findings – The average WTP and WTA were €3.12 and €5.98 per hour of care, respectively (€3.2 and €6.3 when estimated values for “protest zeros” and “economic zeros” were considered). Some explanatory variables of WTA and WTP are coincident (place of residence and intensity of care time), whereas other variables only help to explain WTP values (household and negative coping with caregiving) or WTA values (age and burden of care). Some nuances are also identified when comparing the results obtained without protest and economic zeros with the estimated values of these special zeros. Originality/value – Studies analysing the determinants of WTP and WTA in IC settings are very scarce. This paper seeks to provide information to fill this gap. The results indicate that the variables that explain the value of IC from one perspective may differ from the variables that explain it from an alternative perspective. Given the relevance of contextual factors, studies on the topic should be expanded, and care should be taken with the extrapolation of results across countries and settings.https://www.emerald.com/insight/content/doi/10.1108/AEA-02-2023-0044/full/pdfContingent valuationInformal careWTAWTPSpain |
| spellingShingle | Juan Oliva Luz María Peña Longobardo Leticia García-Mochón José María Abellán-Perpìñan María del Mar García-Calvente Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study Applied Economic Analysis Contingent valuation Informal care WTA WTP Spain |
| title | Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study |
| title_full | Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study |
| title_fullStr | Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study |
| title_full_unstemmed | Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study |
| title_short | Determinants of the willingness to pay and willingness to accept in the valuation of informal care. The CUIDARSE study |
| title_sort | determinants of the willingness to pay and willingness to accept in the valuation of informal care the cuidarse study |
| topic | Contingent valuation Informal care WTA WTP Spain |
| url | https://www.emerald.com/insight/content/doi/10.1108/AEA-02-2023-0044/full/pdf |
| work_keys_str_mv | AT juanoliva determinantsofthewillingnesstopayandwillingnesstoacceptinthevaluationofinformalcarethecuidarsestudy AT luzmariapenalongobardo determinantsofthewillingnesstopayandwillingnesstoacceptinthevaluationofinformalcarethecuidarsestudy AT leticiagarciamochon determinantsofthewillingnesstopayandwillingnesstoacceptinthevaluationofinformalcarethecuidarsestudy AT josemariaabellanperpinan determinantsofthewillingnesstopayandwillingnesstoacceptinthevaluationofinformalcarethecuidarsestudy AT mariadelmargarciacalvente determinantsofthewillingnesstopayandwillingnesstoacceptinthevaluationofinformalcarethecuidarsestudy |