Cost-effectiveness of youth workforce development Lessons from three CRS YouthBuild models in four countries
Fernando Cardona • • • • •
Fernando Before YouthBuild • • • • • •
Du During ring Yo Yout uthBuild hBuild • • • •
After YouthBuild • • • • • •
1.8 billion young people worldwide; 40% of the unemployed are youth
Implementation Phases of YouthBuild in Central America
St Stan andar ard Cam amin inos Se Send nderos ros 850 Youth 850 th 1540 0 Youth th 760 760 Youth th Gov overnm ernment ent hi hires con ontract ractors
Why Do A Costing Study? • • • • • •
An innovative study for the Americas • • •
YouthBuild is Cost-Effective
Measure 2 years of data 3 models 4 countries: 10 implementers
Limits of the Study
Efficiency and Effectiveness in YouthBuild
Efficiency – Graduation
This study is unique..... It goes beyond the few that do exist
Cost-effectiveness • • • Key concepts
Cost of implementation per youth enrolled, graduated, and placed 2,208 208 Youth uth 850 850 Youth th 1540 0 Youth th 760 760 Youth th
• •
Direct benefit calculation: Pay increase per youth placed
Indirect benefit calculation: Prison administration expenses 2017 US $
Cos ost-Benefit Benefit and nd Re Return rn on on Inv nvestment estment 3 2 3 3
YouthBuild is Cost-Effective 4 Key Elements to Success
1 Efficiency guaranteeing graduation. If young people drop out along the way, investment is lost.
2 Focus on Placement:
3
4… Relationships
Oth ther er spe pending nding cho hoices ices
Implications Sh Shorter ter Cost st- Cheaper aper Effectiv tive
Ask Ask Ferna Fernando ndo
Cost-effectiveness of youth workforce development Lessons from three CRS YouthBuild models in four countries
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