‘Childonomics’ – Measuring the long-term social and economic value of investing in children
Eurochild has launched a research project to develop a tool to determine the long-term social and economic return of investing in children. Specifically, a framework is to be drawn up that, using sound context-relevant evidence and economic modelling, can be a tool for stakeholders at the national level for making the case for strategic investments in preventive and supportive child and family support services/systems. It will increase awareness about the costs, benefits and returns of reforming welfare systems among those outside the child rights community, as well as provide a means of engaging in a dialogue with ministries of finance and public finance administrators. It will strengthen the economic case and create a holistic vision in support of the UNCRC and the UN Guidelines for the Alternative Care of Children.
As part of the project, a youth advisory group, consisting of three young adults with experience of being in care and experienced in youth participation, will be consulted throughout and requested to contribute at key stages.
This workshop will offer an insight into the youth participation process and its outcomes, as well as present some of the project’s main initial outcomes.
- Maria Herczog, Eurochild
- Jean-Anne Kennedy, International Foster Care Organisation