Considerations in applying benefit-cost analysis : to preventive interventions for children, youth, and families : workshop summary /

"Benefit-cost analyses hold great promise for influencing policies related to children, youth, and families. By comparing the costs of preventive interventions with the long-term benefits of those interventions, benefit-cost analysis provides a tool for determining what kinds of investments hav...

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Bibliographic Details
Corporate Author: Institute of Medicine (U.S.) (sponsoring body.)
Other Authors: Olson, Steve, 1956- (Compiler), Bogard, Kimber (Compiler)
Format: Book
Language:English
Published: Washington, D.C. : National Academies Press, [2014]
Subjects:
Online Access:National Academies Press
Description
Summary:"Benefit-cost analyses hold great promise for influencing policies related to children, youth, and families. By comparing the costs of preventive interventions with the long-term benefits of those interventions, benefit-cost analysis provides a tool for determining what kinds of investments have the greatest potential to reduce the physical, mental, and behavioral health problems of young people. More generally, the growth of benefit-cost analysis as a field of research and practice represents an exciting and promising trend in the development and implementation of public policies. [...] This report discusses a wide range of issues about benefit-cost analysis, including the level of research rigor that should be met before results from an evaluation are used to estimate or predict outcomes in a cost-benefit analysis; best practices and methodologies for costing prevention interventions; prevention outcomes that currently lend themselves to monetization; processes and methodologies that should be used when linking prevention outcomes to avoided costs or increased revenues; and best methods for handling risk and uncertainty in estimates."--Publisher's description
Physical Description:x, 72 pages : illustrations ; 23 cm
Also available via the World Wide Web.
Bibliography:Includes bibliographical references (pages 63-65).
ISBN:030930105X
9780309301053