Advancing the Quality of Cost-Benefit Analysis for Justice Programs

Source: Carl Matthies, Vera Institute of Justice, Cost-Benefit Analysis Unit, March 2014

From the abstract:
The Cost-Benefit Knowledge Bank for Criminal Justice (CBKB), a project of Vera’s Cost-Benefit Analysis Unit, convened a working group of researchers and policymakers to help advance the use of rigorous cost-benefit analysis (CBA) in decisions about criminal justice programs and policies. Input from the working group helped shape this white paper, which describes and discusses the main methodological challenges to performing CBAs of justice investments. This technical paper is intended for anyone who conducts, plans to conduct, or wants to learn how to conduct a CBA of a justice-related policy or program. CBKB will soon publish a second white paper for a broader audience, Using Cost-Benefit Analysis for Justice Policymaking, which was also developed with guidance from the working group.