YIF2: Background to the YIF economic simulation model
Background to the YIF economic simulation model.
This is the second in a series of Learning and Insight papers published as part of the learning project for the Youth Investment Fund (YIF).
This review aims to help inform the development of an economic simulation model for the YIF. The economic simulation model will be built on the YIF theory of change, particularly the core intermediate outcomes, which are being measured across many YIF grantees using the YIF shared outcome measurement tool.
In this paper we have reviewed economic evaluation papers and four evidence databases from the UK, USA and Ireland estimating the potential economic value of youth programmes.
The approach is set out in detail in Learning and Insight Paper One, A shared evaluation framework for open access youth provision.