Childonomics Measuring the long-term social and economic value of investing in children – The Childonomics project has developed an instrument that can help to reflect on the long-term social and economic return of investing in children and families. The instrument provides an approach to economic modelling that can be used in a number of ways to inform decision-making.
It enables consideration of the different types of costs of services and approaches that support children and families (particularly those in vulnerable situations) and links them to the expected outcomes of using these services. The project uses a rights-based foundation and has a particular focus on supporting children, families and communities in order to prevent and reduce any form of developmental delay, harm and, especially, the unnecessary separation of children from their parents. It is anticipated that governments and/or nongovernmental organisations can use the instruments developed through the Childonomics project in a variety of ways as part of wider policy and strategic planning processes