Lifecourse economic evaluation – a microsimulation approach
We introduce a new framework for lifecourse economic evaluation by developing a birth cohort microsimulation model (“LifeSim”) and using it to evaluate a training programme for parents of young children at risk of conduct disorder. Explicitly modelling the individual-level clustering and compounding of diverse developmental, educational, financial, social and health outcomes over the lifecourse provides more detailed and accurate estimates of long-term benefits and public costs than conventional separate equation modelling. It also allows identification of new policy targeting options by pinpointing which subgroups benefit most, and distributional analysis of impacts on lifetime inequality of opportunity for consumption, health and wellbeing.
Speaker
Richard Cookson is a professor at the Centre for Health Economics, University of York, and an honorary public health academic, Public Health England. He has helped to pioneer “equity-informative” methods of health policy analysis including methods of distributional cost-effectiveness analysis; methods of health equity monitoring for healthcare quality assurance; and methods for investigating public concern for reducing health inequality. He has co-chaired various international working groups on equity, and his UK public service includes working in the Prime Minister’s Delivery Unit and serving on NICE advisory committees and the NHS Advisory Committee for Resource Allocation.
Visitors are welcome to attend – registration is not required.
We hope to see you there.
Event Details
- Date:
- 13 December 2019 at 11:00 am – 12:00 pm
- Venue:
- Room HB.40, Building H, Monash University, Caulfield Campus 900 Dandenong Rd Caulfield East Melbourne, VIC 3145
- Categories:
- Health Economics
Description
We introduce a new framework for lifecourse economic evaluation by developing a birth cohort microsimulation model (“LifeSim”) and using it to evaluate a training programme for parents of young children at risk of conduct disorder. Explicitly modelling the individual-level clustering and compounding of diverse developmental, educational, financial, social and health outcomes over the lifecourse provides more detailed and accurate estimates of long-term benefits and public costs than conventional separate equation modelling. It also allows identification of new policy targeting options by pinpointing which subgroups benefit most, and distributional analysis of impacts on lifetime inequality of opportunity for consumption, health and wellbeing.
Speaker
Richard Cookson is a professor at the Centre for Health Economics, University of York, and an honorary public health academic, Public Health England. He has helped to pioneer “equity-informative” methods of health policy analysis including methods of distributional cost-effectiveness analysis; methods of health equity monitoring for healthcare quality assurance; and methods for investigating public concern for reducing health inequality. He has co-chaired various international working groups on equity, and his UK public service includes working in the Prime Minister’s Delivery Unit and serving on NICE advisory committees and the NHS Advisory Committee for Resource Allocation.
Visitors are welcome to attend – registration is not required.
We hope to see you there.