Work-Related Opportunity Costs of Providing Unpaid Family Care in 2013 and 2050

Journal Article

Work-Related Opportunity Costs of Providing Unpaid Family Care in 2013 and 2050

June 3, 2019

Abstract

This study assessed the impact of unpaid caregiving on the likelihood of working and hours worked for caregivers and calculated the related cost of forgone earnings in 2013 and 2050. The current economic cost is about $67 billion, which by midcentury will likely double to $132–$147 billion. Opportunity cost per caregiver will likely increase by 8–20 percent and per US resident by 54–72 percent. Future policy action could benefit from accounting for the economic costs in addition to the benefits of unpaid caregiving, which would help define the scope and size of programs needed to support caregivers.

You can read the article on Health Affairs' website (clicking on this link will take you to an external site).

Cross-Center Initiative

Cross-Center Initiative: 
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.
LATEST IN Health and Health Policy
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.