Centre for Policy on Ageing



Family caregivers' willingness to pay for drugs indicated for the treatment of Alzheimer's disease — an economic or psychological model?
Author(s)	Perla Werner, Michal Schnaider-Beeri, Judith Aharon
Journal title	Dementia: the international journal of social research and practice, vol 1, no 1, February 2002
Pages	pp 59-74
Keywords	Dementia ; Family care ; Attitude ; Prescription charges ; Drugs.
Annotation	The contingent valuation technique and the theory of planned behaviour were used in this study of 220 family members (68.2% female, mean age 62.3, 59.8% spouses and the rest children) who were interviewed regarding their willingness to pay (WTP) for another family member's dementia drug treatment. The mean WPT was estimated at about 60% to 80% of the retail price of the drug at the time of the study. Participants were willing to pay a significantly higher price when provided with information regarding side effects. Including psychological determinants (especially affordability and normative expectations of significant others) improved an economic model. The understanding of decision-making processes in the framework of dementia should be expanded to include economic and psychological determinants. (RH).
Accession Number	CPA-020624220 A
Classmark	EA: P6:SJ: DP: J9: LLD
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...from the Ageinfo database published by Centre for Policy on Ageing.