Using Cost-Benefit Analyses in School-Based Counseling Policy Research

Chapter

Abstract

In this chapter, we describe the basic concepts of cost-benefit analyses used when conducting school counseling program evaluation. Cost-benefit analysis can estimate both the costs and benefits of school counseling interventions in monetary units. This cost-benefit analysis can help us determine which counseling intervention is the most effective in estimating the budget of mental health-related centers, such as school counseling center. Specifically, we introduce willingness to pay (WTP) approach of contingent valuation method, one of the major economic valuation methods, which measures the direct economic value estimates of nonmarket goods, such as school counseling program. For applying cost-benefit analysis, we provide the research example on how to estimate the perceived economic value of school counseling services.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Korea UniversitySeoulSouth Korea
  2. 2.Emporia State UniversityEmporiaUSA

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