TY  - RPRT
        AU  - García, Jorge Luis
AU  - Heckman, James J.
        TI  - Three Criteria for Evaluating Social Programs
        PY  - 2022/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15573
        UR  - https://www.iza.org/index.php/publications/dp15573
        AB  - This paper examines the economic foundations of three criteria used for evaluating the costs and benefits of social programs. Some criteria do not consider the scale of programs or address the costs associated with programs that expand or contract the total government budget. A recent addition to the list of evaluation criteria—the marginal value of public funds (MVPF)—does not adopt a social optimality perspective. It evaluates the optimality of expenditures assuming a predetermined aggregate budget without considering the social costs of raising that budget.
        KW  - marginal value of public funds
KW  - cost-benefit analysis
        ER  -