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We estimated the economic costs of informal care in the community from 2015 to 2030, using an Australian microsimulation model, Care&WorkMOD. The model was based on data from three Surveys of Disability, Ageing, and Carers (SDACs) for the Australian population aged 15–64 years old. Estimated national income lost was AU$3.58 billion in 2015, increasing to $5.33 billion in 2030 (49% increase). Lost tax payments were estimated at AU$0.99 billion in 2015, increasing to AU$1.44 billion in 2030 (45% increase), and additional welfare payments were expected to rise from $1.45 billion in 2015 to AU$1.94 in 2030 (34% increase). There are substantial economic costs both to informal carers and the government due to carers being out of the labour-force to provide informal care for people with chronic diseases. Health and social policies supporting carers to remain in the labour force may allow governments to make substantial savings, while improving the economic situation of carers.
|Number of pages||9|
|Journal||Health and Social Care in the Community|
|Early online date||30 Oct 2018|
|Publication status||Published - Mar 2019|
- chronic illness
- economic costs
- health economics
- informal carers
- lost workforce
- productive life years
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The hidden costs of caring, Australian Health Economics Society Newsletter, on health economics of informal caring on vulnerable communities.
Melanie Zeppel & Hui Ping Evelyn Lee
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