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Table 3 Average caregiving costs per elderly inpatient according to the type of caregiver

From: The determinants of caregiver use and its costs for elderly inpatients in Korea: a study applying Andersen’s behavioral model of health care utilization and replacement cost method

Average of caregiving costs per elderly inpatient in US$ (Weighted Mean ± SDa)

p-value

Formal caregiving costs

1,291 ± 1,436

0.33

Informal caregiving costs

1,034 ± 2,283

  1. Note. All costs were adjusted to US$ (a currency exchange rate of Korean Won ₩109,950 to US dollar $100); Informal caregiving costs were estimated by replacement cost method
  2. aSD Standard Deviation