The value of a year’s general education for reducing the symptoms of dementia

Robert Brent

Applied Economics, 2018, vol. 50, issue 25, 2812-2823

Abstract: We present a method for estimating the benefits of years of education for reducing dementia symptoms based on the cost savings that would accrue from continuing independent living rather than relying on formal or informal carers. Our method for estimating the benefits of education involves three steps: first taking a year of education and seeing how much this lowers dementia, second using this dementia reduction and estimating how much independent living is affected and third applying the change in caregiving costs associated with the independent living change. We apply our method for estimating education benefits to a National Alzheimer’s Coordinating Center sample of 17,239 participants at 32 US Alzheimer’s disease centres over the period September 2005 and May 2015.

Date: 2018
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DOI: 10.1080/00036846.2017.1409420

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