The economic value of informal care in Australia in 2015 has been saved
The economic value of informal care in Australia in 2015
The growing gap between demand and supply
Commissioned by Carers Australia this report estimates the economic value of Australia’s informal carers and forecasts supply and demand over ten years.
Deloitte Access Economics was commissioned by Carers Australia to estimate the economic value of Australia’s informal carers, and forecast the supply and demand of informal carers in Australia over ten years. This work updates previous work undertaken by Access Economics for Carers Australia which estimated the economic value of informal carers in Australia in 2005 and 2010.
The report is in three sections:
- Section 1 of this report identifies Australia’s informal carers and provides a demographic profile of carers and their characteristics
- Section 2 uses the replacement cost method to estimate the economic value of care provided by informal carers, and discusses these results in the context of other domestic and international studies
- Section 3 contains forecasts of the future supply of and demand for informal care, discusses the policy implications and challenges arising from the results of the forecasts, and analyses historical movements in the propensity to care.