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What are the costs of dementia in Europe?

Author

Listed:
  • Elena Bassoli

    (ETH Zürich; Ca’ Foscari University of Venice)

  • Agar Brugiavini

    (Department of Economics, Ca’ Foscari University of Venice; Institute for Fiscal Studies)

  • Ludovico Carrino

    (University of Trieste; King’s College London)

Abstract

This paper provides new evidence on the cost of long-term care for individuals and society by looking at the onset of dementia in a population of older individuals aged 50 and above. By exploiting the Survey of Ageing and Retirement in Europe (SHARE) and the English Longitudinal Survey of Ageing (ELSA), we causally assess how a dementia shock affects commodities purchases and other domains of individual's life, in the short-run. We find that individuals reduce food consumption and increase rent and housing-related expenditures. We show that the demand for care is also affected, with an increase in both hospital, formal and informal care. Results are robust to alternative definitions of the shock and sensitivity analyses. Additionally, we discover spill-over effects on the spouse's well-being when the partner becomes sick. Finally, we compute the financial burden on individuals following a dementia diagnosis in terms of formal and informal care costs.

Suggested Citation

  • Elena Bassoli & Agar Brugiavini & Ludovico Carrino, 2024. "What are the costs of dementia in Europe?," Working Papers 2024: 13, Department of Economics, University of Venice "Ca' Foscari".
    • Handle: RePEc:ven:wpaper:2024:13
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    More about this item

    Keywords

    health economics; long-term care; SHARE; ELSA; welfare costs;
    All these keywords.

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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