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Investing in Well-being: An Analytical Framework

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  • Veronica Jacobsen
  • Nicholas Mays
  • Ron Crawford
  • Barbara Annesley
  • Paul Christoffel
  • Grant Johnston
  • Sid Durbin

    ()
    (The Treasury)

Abstract

The NZ Treasury is currently engaged in a project to identify cost-effective interventions to improve outcomes for children and young adults in order to maximise the value of government expenditures across the social sector. The central aim of this paper is to provide an empirically-robust framework to compare intervention across a range of social sectors. There are two key components to the framework. The first is a life-course view of child development that emphasises that experiences and influences in childhood can affect well-being throughout life. The second component involves viewing social expenditures as investments addressed at achieving particular outcomes, typically directed at enhancing well-being. The paper presents evidence from a review of the literature on how the process and experiences of childhood have a later impact on wellbeing; how child development and outcomes are influenced by individual, family and communal factors and how risk and resilience can be used to indicate that an individual is at increased or decreased risk of negative outcomes. Case studies of youth suicide, teenage pregnancy, educational underachievement and youth inactivity provide evidence about what interventions work using key empirical findings from the literature.

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File URL: http://www.treasury.govt.nz/publications/research-policy/wp/2002/02-23/twp02-23.pdf
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Bibliographic Info

Paper provided by New Zealand Treasury in its series Treasury Working Paper Series with number 02/23.

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Length: 68 pages
Date of creation: Dec 2002
Date of revision:
Handle: RePEc:nzt:nztwps:02/23

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Postal: New Zealand Treasury, PO Box 3724, Wellington, New Zealand
Phone: +64-4-472 2733
Fax: +64-4-473 0982
Web page: http://www.treasury.govt.nz
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Related research

Keywords: Well-being; social investment; life-course; child development; child and adult outcomes; portfolio; intervention;

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  1. V. Joseph Hotz & Susan Williams McElroy & Seth G. Sanders, 1999. "Teenage Childbearing and Its Life Cycle Consequences: Exploiting a Natural Experiment," JCPR Working Papers, Northwestern University/University of Chicago Joint Center for Poverty Research 157, Northwestern University/University of Chicago Joint Center for Poverty Research.
  2. John Gibson, 2000. "Sheepskin effects and the returns to education in New Zealand: Do they differ by ethnic groups?," New Zealand Economic Papers, Taylor & Francis Journals, Taylor & Francis Journals, vol. 34(2), pages 201-220.
  3. Robert Haveman & Barbara Wolfe, 1993. "Children's Prospects and Children's Policy," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 7(4), pages 153-174, Fall.
  4. Paul Ryan, 2001. "The School-to-Work Transition: A Cross-National Perspective," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 39(1), pages 34-92, March.
  5. Wolfe, Barbara & Wilson, Kathryn & Haveman, Robert, 2001. "The role of economic incentives in teenage nonmarital childbearing choices," Journal of Public Economics, Elsevier, Elsevier, vol. 81(3), pages 473-511, September.
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Cited by:
  1. Caroline Saunders & Paul Dalziel, 2010. "Local planning for sustainable development: A small rural district case study from New Zealand," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing, Emerald Group Publishing, vol. 4(3), pages 252-267, August.

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