2021
DOI: 10.3390/children8050352
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Monetary Valuation of Children’s Cognitive Outcomes in Economic Evaluations from a Societal Perspective: A Review

Abstract: Cognitive ability in childhood is positively associated with economic productivity in adulthood. Expected gains in economic output from interventions that protect cognitive function can be incorporated in benefit–cost and cost-effectiveness analyses conducted from a societal perspective. This review summarizes estimates from high-income countries of the association of general cognitive ability, standardized as intelligence quotient (IQ), with annual and lifetime earnings among adults. Estimates of the associat… Show more

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Cited by 8 publications
(5 citation statements)
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References 108 publications
(189 reference statements)
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“…It is well recognized that IQ in childhood is positively associated with economic productivity in adulthood. Grosse and Zhou [ 17 ] estimated a 1.4% difference in productivity for 1 point IQ difference in the US. If this is applicable to Japan, then a 0.49 point greater IQ gain would have increased the economic productivity of the Japanese by 0.7% in the last two decades.…”
Section: Discussionmentioning
confidence: 99%
“…It is well recognized that IQ in childhood is positively associated with economic productivity in adulthood. Grosse and Zhou [ 17 ] estimated a 1.4% difference in productivity for 1 point IQ difference in the US. If this is applicable to Japan, then a 0.49 point greater IQ gain would have increased the economic productivity of the Japanese by 0.7% in the last two decades.…”
Section: Discussionmentioning
confidence: 99%
“…Furthermore, EPA has recently undertaken to investigate revisions to the LCR [ 65 ]. EPA’s initial proposed revisions may not reduce WLLs and hence, lead exposures [ 66 ]; however, improvements in regulatory requirements, enforcement and compliance could produce significant social benefits in the form of reduced lead damages [ 4 , 62 , 63 , 67 ].…”
Section: Discussionmentioning
confidence: 99%
“…Given that benefits from some interventions early in life are likely to persist and accrue over time, it is important to capture and model these in economic evaluations to avoid underestimating intervention benefits (Knapp & Wong, 2020;Ungar, 2021). For example, based on associations between Intelligence Quotient (IQ) and market productivity, a one-point increase in IQ has been valued between US$ 10,600-13,100 in the US (Grosse & Zhou, 2021). Despite this, only nine of 16 full economic evaluations in the review investigated outcomes for 10 years or more, six of which are benefit-cost analyses and one cost-effectiveness analysis.…”
Section: Implications For Researchmentioning
confidence: 99%