The Australian Social Value Bank (ASVB) is a cloud-based platform that allows users to quantitatively measure the impact its interventions have on participants of the program as well as on the community. The ASVB contains a database that captures the benefit or the social value of achieving specific outcomes. It comprise 62 different outcomes organised under seven categories and uses them to calculate benefits to individuals as well as the benefit to government overall.
The values used in this cost-benefit analysis have been derived using the Wellbeing Valuation Method from data gathered through the Household, Income and Labour Dynamics in Australia )HILDA) and Journeys Home surveys. Importantly, the ASVB calculator measures what changes for participants as a result of being within a particular program.
Unity Housing have applied the ASVB model to a number of operational programs and this analysis provides the results of this application.
To continue reading and see the results, click here.