Issues in the economic evaluation of prevention programs

E. Michael Foster, Kenneth A. Dodge, Damon Evan Jones

Research output: Contribution to journalArticle

43 Citations (Scopus)

Abstract

Economic analysis plays an increasingly important role in prevention research. In this article, we describe one form of economic analysis, a cost analysis. Such an analysis captures not only the direct costs of an intervention but also its impact on the broader social costs of the illness or problem targeted. The key question is whether the direct costs are offset by reductions in the other, morbidity-related costs, such as the use of expensive services. We begin by describing how economists think about costs. We then outline the steps involved in calculating the costs of delivering an intervention, including both implicit and explicit costs. Next we examine methods for estimating the morbidity-related costs of the illness or problem targeted by the intervention. Finally, we identify the challenges one faces when conducting such an analysis. Throughout the article, we illustrate key points using our experiences with evaluating the Fast Track intervention, a multiyear, multicomponent intervention targeted to children at risk of emotional and behavioral problems.

Original languageEnglish (US)
Pages (from-to)76-86
Number of pages11
JournalApplied Developmental Science
Volume7
Issue number2
DOIs
StatePublished - Apr 1 2003

Fingerprint

Cost-Benefit Analysis
Costs and Cost Analysis
costs
evaluation
economics
Cost of Illness
morbidity
Economics
illness
Morbidity
social costs
economist
Research
experience

All Science Journal Classification (ASJC) codes

  • Developmental and Educational Psychology
  • Applied Psychology
  • Life-span and Life-course Studies

Cite this

Foster, E. Michael ; Dodge, Kenneth A. ; Jones, Damon Evan. / Issues in the economic evaluation of prevention programs. In: Applied Developmental Science. 2003 ; Vol. 7, No. 2. pp. 76-86.
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Issues in the economic evaluation of prevention programs. / Foster, E. Michael; Dodge, Kenneth A.; Jones, Damon Evan.

In: Applied Developmental Science, Vol. 7, No. 2, 01.04.2003, p. 76-86.

Research output: Contribution to journalArticle

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