Improving student outcomes through economic evaluation for evidence-based decisionmaking in education.
The mission of the Center for Benefit-Cost Studies of Education is to promote the rigorous and responsible development and application of cost-effectiveness and benefit-cost methods. The Center builds on work that began in the 1970's and has pursued methodological improvements and new methods of analysis including a software platform, CostOut, for estimating costs using the ingredients method. Application topic areas include high school graduation, early child development, integrated school services, social and emotional learning, college completion, and many others. CBCSE also sponsors training programs in economic evaluation of education for researchers and decision-makers. Its latest summary of methods and applications is found in the third edition of H. Levin, P. McEwan, C. Belfield, A. B. Bowden, and R. Shand, Economic Evaluation of Education: Cost-Effectiveness and Benefit-Cost Analysis (Sage 2018)
This text (titled Cost-Effectiveness Analysis in its previous editions) is the only full-length book to provide readers with the step-by-step methods they need to plan and implement a benefit-cost analysis in education. The authors examine a range of issues, including how to identify, measure, and distribute costs; how to measure effectiveness, utility, and benefits; and how to incorporate cost evaluations into the decision-making process. The updates to the Third Edition reflect the considerable methodological development in the evaluation literature, and the greater empiricism practiced by education researchers, to help readers learn to apply more advanced methods to their own analyses.
News & Reports
CBCSE wins grant from William T. Grant Foundation to build an evidence-based framework for educational decision-making based on cost-utility analysis.
A new brief on The Critical Importance of Costs for Education Decisions, by Fiona M. Hollands and Henry M. Levin.
Economic Evaluation in Education, third edition, available now from Sage Publications.
New articles from CBCSE Director Henry Levin in US News & World Report: The Insubstantial Link Between Test Scores and Worker Productivity, Little Global Evidence Suggests School Choice Helps Performance, and PISA 2015 Won't Provide the Answers to Educational Excellence.
Wrap-around cost estimates for wrap-around services by CBCSE Associate Director Brooks Bowden featured on the Brown Center Chalkboard.
How One Researcher Uses Cost-Benefit Analysis to Rule Out the Worst Tools and Is Competency-Based Education Worth the Investment? Two new articles by CBCSE Associate Director Fiona Hollands featured on Edsurge.
A new blog post by CBCSE Director Henry Levin featured on the William T. Grant Foundation website: Evidence at the Crossroads Pt. 10: The Need For Cost-Effectiveness Evidence in Education.