| Title: |
Value for Money: How to Improve Wellbeing and Reduce Misery. A Report from the LSE Centre for Economic Performance |
| Language: |
English |
| Authors: |
David Frayman; Christian Krekel; Richard Layard; Sara MacLennan; Isaac Parkes; London School of Economics and Political Science (United Kingdom), Centre for Economic Performance (CEP) |
| Source: |
Centre for Economic Performance. 2024. |
| Availability: |
Centre for Economic Performance. London School of Economics and Political Science, Houghton Street, London, WC2A 2AE, UK. Tel: +44-20-7955-7673; Fax: +44-20-7404-0612; e-mail: cep.info@lse.ac.uk; Web site: http://cep.lse.ac.uk |
| Peer Reviewed: |
N |
| Page Count: |
56 |
| Publication Date: |
2024 |
| Document Type: |
Reports - Evaluative |
| Education Level: |
Secondary Education; Elementary Education; Elementary Secondary Education |
| Descriptors: |
Cost Effectiveness; Expenditures; Well Being; Foreign Countries; Public Policy; Government (Administrative Body); Mental Health; Employment; Police; Research and Development; Transportation; Retirement Benefits; Housing; Therapy; Apprenticeships; Secondary Schools; Elementary Schools; Class Size |
| Geographic Terms: |
United Kingdom |
| Abstract: |
The government spends billions on our behalf. How do we want this money to be spent? This report reviews a range of policies and asks the fundamental question which should be asked of every policy: Does it deliver value for money? In other words, what benefit does it deliver to people relative to its net cost to the government. This benefit/cost ratio is the key single number the government should be looking at when it makes its spending decisions. In each case the benefits are measured in terms of the monetary equivalent of the impact of the policy in improving wellbeing. And the costs include an allowance for savings in subsequent years. [This study was financed in part by Partners for a New Economy and the LSE KEI fund.] |
| Abstractor: |
As Provided |
| Entry Date: |
2025 |
| Accession Number: |
ED674749 |
| Database: |
ERIC |