The Value of a Year's General Education for Reducing the Symptoms of Dementia

12 Pages Posted: 17 Jul 2018

Date Written: May 29, 2017

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 caregivers. Our method for estimating the benefits of education involves three steps: first taking a year of education and seeing how much this lowers dementia; secondly using this dementia reduction and estimating how much independent living is affected; and thirdly applying the change in caregiving costs associated with the independent living change. We apply our method for estimating education benefits to a National Alzheimer Coordinating Center (NACC) sample of 17,239 participants at 32 US Alzheimer’s Disease Centers over the period September 2005 and May 2015.

Keywords: Education; Dementia; Monetary Benefits; Cost-Benefit Analysis

JEL Classification: I12; J14

Suggested Citation

Brent, Robert J, The Value of a Year's General Education for Reducing the Symptoms of Dementia (May 29, 2017). Applied Economics, Volume 50, 2018 - Issue 25, Available at SSRN: https://ssrn.com/abstract=3186907

Robert J Brent (Contact Author)

Fordham University ( email )

Department of Economics
441 E Fordham Road
Bronx, NY 10458
United States
718 817 4058 (Phone)

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