Economics and dementia: challenges and responses

Martin Knapp and Gloria Wong

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Economics and dementia are interconnected in many ways. There is, for example, accumulating evidence of the ways in which dementia impacts on the economic status of individuals and families, on health and social care system budgets, and on national economies. An individual’s economic status can affect their risk of dementia and their ability to respond to it. Governments and other strategic decision-makers are aware of the (growing, indeed urgent) need to take action – whether that is prevention, treatment or care – but also very aware of the limited resources available to them and to the general population. Research evidence can potentially inform the difficult decisions that government and others need to take. We briefly summarise some economic evaluation studies in the dementia area as a basis for identifying the main challenges of moving from evidence to better policy and practice. We then discuss some possible responses (from a range of stakeholders) to these challenges, and how the STRiDE study has sought to contribute to this fast-moving field.

Keywords: cost-benefit analysis; cost-effectiveness analysis; cost-utility analysis; policy; STRiDE study (search for similar items in EconPapers)
JEL-codes: I10 (search for similar items in EconPapers)
Date: 2023-07-28
New Economics Papers: this item is included in nep-hea
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Published in Dementia, 28, July, 2023. ISSN: 1471-3012

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