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Social Impacts Measurement in Government and Academia

Social Impacts Measurement in Government and Academia. Daniel Fujiwara d.f.fujiwara@lse.ac.uk Cabinet Office & London School of Economics. I. Social impacts in public policy. Economists in government have a long tradition of measuring social impact: Cost-Benefit Analysis ( CBA ).

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Social Impacts Measurement in Government and Academia

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  1. Social Impacts Measurement in Government and Academia Daniel Fujiwara d.f.fujiwara@lse.ac.uk Cabinet Office & London School of Economics

  2. I. Social impacts in public policy • Economists in government have a long tradition of measuring social impact: Cost-Benefit Analysis (CBA).

  3. The Green Book (1) • CBA enters at the Appraisal stage • Appraise policy interventions in terms of their social costs and benefits. • Further supported through the Social Value Act (2012) ROAMEF cycle

  4. The Green Book (2) • Supplementary Green Book guidance provides guidelines on how to value social impacts

  5. The Magenta Book • Assessing whether the policy had a causal effect/impact

  6. II. Social impacts research (1) • Valuation and Evaluation (causality) are key to understanding social impacts. Valuation • Theory: to find the monetary equivalent of the change in welfare or wellbeing associated with experiencing or consuming the ‘good’. • We could look at people’s preferences or their wellbeing • Wellbeing valuation: recent research is looking at assessing value in terms of changes in subjective wellbeing (Fujiwara & Campbell, 2011) with lots of potential for housing issues.

  7. Social impacts research (2) Evaluation(causality) Evaluation scale (Dolan & Fujiwara (2012) BIS technical report) • Theory: Identifying and measuring the counterfactual • Many public sector organisations moving to the Maryland Evaluation scale. This scale ranks how well counterfactuals have been measured in the analysis.

  8. III. Housing and social impact Example: Attaching values to aspects of housing through the Wellbeing Valuation approach Preliminary findings (not for citation)

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