Estimating the cost of mental illness in Australia: a standard of living approach
Discussion paper
Title | Estimating the cost of mental illness in Australia: a standard of living approach |
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Report Type | Discussion paper |
Authors | Nghiem, Son (Author), Khanam, Rasheda (Author), Vu, Xuan-Binh (Benjamin) (Author) and Tran, Bach Xuan (Author) |
Institution of Origin | University of Southern Queensland |
Number of Pages | 18 |
Year | 2019 |
Publisher | University of Southern Queensland |
Abstract | This paper estimates the costs of mental health in Australia using the standard-of-living approach. We analyse data from the Household, Income and Labour Dynamics in Australia Survey using an extended random-effects estimator. To the best of our knowledge, this is the first study to examine the cost of mental illness in Australia using the standard of living approach with a nationally representative longitudinal data set. Results from the main specification show that people with a mental illness need to increase their equivalised disposable income by 50% to achieve a similar living standard as those without a mental illness. The cost estimates vary considerably with measures of mental illness and standard of living. An alternative measure of mental illness using the first quintile of the SF-36 mental health score distribution resulted in an increase of estimated costs to 80% equivalised disposable income. |
Keywords | cost of mental illness; standard of living approach; panel data; extended random-effects estimator; Australia |
ANZSRC Field of Research 2020 | 380108. Health economics |
Byline Affiliations | Griffith University |
School of Commerce | |
Hanoi Medical University, Vietnam |
https://research.usq.edu.au/item/q5330/estimating-the-cost-of-mental-illness-in-australia-a-standard-of-living-approach
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