Estimating the Cost of Informal Care with a Novel Two-Stage Approach to Individual Synthetic Control
利用新两阶段个体合成控制方法估计非正式照护成本
Informal carers provide the majority of care for people living with challenges related to older age, long-term illness, or disability. However, the care they provide often results in a significant income penalty for carers, a factor largely overlooked in the economics literature and policy discourse. Leveraging data from the UK Household Longitudinal Study, this paper provides the first robust causal estimates of the caring income penalty using a novel individual synthetic…