Monetary cost estimation of care for functionally dependent older adults in Mexico

•Dependent older adults and their caregivers face high monetary costs in several ways.•The cost associated with caregiving is disproportionately assumed by women.•The annual cost for society of caregiving for functionally dependent older adults in Mexico is 2.430 billion dollars. This study estimate...

Full description

Saved in:
Bibliographic Details
Published in:The journal of the economics of ageing 2022-02, Vol.21, p.100365, Article 100365
Main Authors: Gutiérrez-Robledo, Luis Miguel, Jácome-Maldonado, Luis David, González-Rivero, Cynthia Beatriz, Lozano-Juárez, Luis Raymundo, Tella-Vega, Pamela, García-Peña, Carmen
Format: Article
Language:English
Subjects:
Care
Costing
Dependency
Mexico
Older adults
Public policy
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:•Dependent older adults and their caregivers face high monetary costs in several ways.•The cost associated with caregiving is disproportionately assumed by women.•The annual cost for society of caregiving for functionally dependent older adults in Mexico is 2.430 billion dollars. This study estimates the monetary cost of caregiving - assumed by society and government - for functionally dependent older adults in Mexico. It is a secondary database analysis based on the Mexican Health and Ageing Study 2015 and the National Survey of Household Income and Expenditure 2016. The component costs included were: loss of labor income among unpaid caregivers, paid caregiver expenses, avoidable hospitalizations for primary care conditions, expenses on nursing homes, lost educational opportunities among underage caregivers and retired individuals providing care. Results indicate that the lack of a long-term care system for older adults in Mexico causes an annual cost of 2.430 billion dollars. This study aims to be an input to elaborate public policies by showing several major expenses that are mainly carried out by Mexican families.
ISSN:2212-828X
DOI:10.1016/j.jeoa.2021.100365