Full lifecourse economic evaluation
Abstract
This project developed methods for the economic evaluation of childhood policies that allow not only standard benefit-cost analysis of long-term return on investment in monetary terms but also:
- wellbeing analysis of long-term impacts on individual wellbeing and social welfare
- targeting analysis of which kinds of children benefit most in the long-term and which targeting options are most cost-effective
- distributional analysis of long-term impacts on social inequalities within the general population.
We illustrated our methods by conducting a full lifecourse evaluation of a training programme for parents with young children showing signs of conduct problems.
Core research team
- Ieva Skarda (Centre of Health Economics, University of York)
- Miqdad Asaria (London School of Economics)
- Richard Cookson (Centre of Health Economics, University of York)
Outputs
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Skarda, I, Cookson, RA, Cotton-Barrett, O, Adler, M, Asaria, M & Toby, O 2020, 'Quality Adjusted Life Years Based on Health and Consumption: A Summary Wellbeing Measure for Cross-Sectoral Economic Evaluation', Health Economics, pp. 1-16.
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Skarda, I., Asaria, M. and Cookson, R., 2022. Evaluating childhood policy impacts on lifetime health, wellbeing and inequality: Lifecourse distributional economic evaluation. Social Science & Medicine, 302, p.114960.
- Supplementary Material for 'Evaluating childhood policy impacts on lifetime health, wellbeing and inequality: Lifecourse distributional economic evaluation'
Funder: This work was funded the National Institute for Health Research (SRF-2013-06-015) from 2017 to 2018, the Wellcome Trust (Grant No. 205427/Z/16/Z) from 2017 to 2021 and the Prevention Research Programme from 2019 to 2021 (ActEarly Programme, MR/S037527/1).