Developing a Lifetime Wellbeing Ready Reckoner economic appraisal toolkit: a feasibility study
This sits in the lower-middle of the Research & Development band — a mid-scale opportunity. Based on 20,405 valued Research & Development tenders in our corpus.
The Department for Education is looking for a supplier to lead a feasibility study, to support plans to expand our economic appraisal capability.
Our aspiration is to develop an appraisal toolkit for the education and children's services sectors, which centres on wellbeing outcomes, throughout the life course.
In education and children's services, quantifiable economic appraisals typically focus on labour market outcomes, such as lifetime earnings.
These do not capture important effects on non-market outcomes, which capture the wider social value of our investments.
Our working title for this toolkit is the Lifetime Wellbeing Ready Reckoner (LWRR).
The concept of "Lifetime Wellbeing" builds on the HM Treasury (2021) Wellbeing Guidance for Appraisal.
We wish to explore methods to appraise and evaluate the long-run wellbeing effects of policy interventions with children. "Ready Reckoner" conveys that the model ought to be generalisable.
It would be designed to provide first approximations for these wellbeing policy effects, across a wide range of policy interventions, during childhood.
This contrasts with bespoke modelling, designed to evaluate a single or narrow set of policy interventions, in more detail and potentially with greater accuracy.
Lifetime effects typically cannot be observed in such policy evaluations, and so the appraisal tool would need to simulate these long run effects, based on secondary sources of evidence, primarily using UK longitudinal surveys.
What the supplier must deliver
The Department for Education is looking
The Department for Education is looking for a supplier to lead a feasibility study, to support plans to expand our economic appraisal capability.
It would be designed to provide first
It would be designed to provide first approximations for these wellbeing policy effects, across a wide range of policy interventions, during childhood.
Lifetime effects typically cannot be observed in
Lifetime effects typically cannot be observed in such policy evaluations, and so the appraisal tool would need to simulate these long run effects, based on secondary sources of evidence, primarily using UK longitudinal surveys.
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- OCID
- 4f1a89e3-6ee3-42ef-900d-29ad7cd251df
- Stage
- pipeline · Closed
- Source
- Contracts Finder
- Buyer ref
- DFERPPU/22-23/010
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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