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Monetising health and wellbeing as an outcome of advice? Nick Abercrombie¹, Peter Cressey¹, Michelle Farr¹, Beth Jaynes¹ and Sue Milner² Department of Social and Policy Sciences¹, Politics, Languages & International Studies (PoLIS)²

Putting a Value on Happiness

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Monetising Health and Wellbeing outcomes - when is it appropriate?

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Page 1: Putting a Value on Happiness

Monetising health and wellbeing as an outcome of advice?

Nick Abercrombie¹, Peter Cressey¹, Michelle Farr¹, Beth Jaynes¹ and Sue Milner²

Department of Social and Policy Sciences¹,Politics, Languages & International Studies (PoLIS)²

Page 2: Putting a Value on Happiness

Evidence from CAB clients

Baseline data (151 client responses): on a scale of 1-10, this problem is affecting me... (average = 8.6)

Interview transcripts: • Impact of problem

“it was just demoralising, completely demoralising and it had a big impact on my mood”C004;

• Effects: fatigue, stress, sleeplessness, depression “yeah, it did make me feel a bit anxious, well it still does. It’s a bit depressing, hopefully things are progressing a bit now but it is hard to explain to be honest with you” C011;

• Physical health deterioration; suicidal thoughts

Page 3: Putting a Value on Happiness

Using standard well-being measurements

Warwick Edinburgh Mental Well Being Scale

Shortened in HEPS (Scotland) project to 7 questions, self-assessed, scaled 1-5 (none of the time, rarely, some of the time, often, all of the time):

1. I’m optimistic about the future

2. I’ve been feeling useful

3. I’ve been feeling relaxed

4. I’ve been dealing with problems well

5. I’ve been thinking clearly

6. I’ve been feeling close to people

7. I’ve been able to make up my own mind about things

Page 4: Putting a Value on Happiness

Findings

Modest increases in wellbeing from phase 1 (initial advice session) to first project interview

Bigger increases over a longer period to second project interview, esp. ability to deal with problems (Q2 and Q4: +33%), clarity of thought (Q5: +30%), and relaxation (Q3: +27%)

Page 5: Putting a Value on Happiness

How to monetise?

State proxy – client going to GP for mental health problem, reported improvement as result of CAB intervention

Individual proxy - client self-reported feelings of depression, anxiety or other mental health issues (but not just stress), reported improvement as a result of CAB intervention.

One year duration, attribution & deadweight both usually calculated at 50%. Attribution was client specific where clients precisely gave this outcome an attribution score.

Examples: C030 (debt) depression GP treated, without CAB ‘health would have completely collapsed’, client attributed 100% to CAB, improvement in WEMWBS score; client 069 treated for depression, attributed to problem, but CAB advice did not lead to resolution of (employment) problem no change in WEMWBS score

Proxy values: improved mental health £2,014 saving to state (proxy based on costs of treatment), £585 to individual (willingness to pay/ utility value); physical health with depression £1,493 saving to NHS (co-morbidity); lack of sleep £102 saving to state based on sickness-related absenteeism (lower final values when deadweight and attribution applied)

Page 6: Putting a Value on Happiness

Questions

• Did our method capture increases in wellbeing? • Interview data:

"I’ve stopped drinking, even social drinking. The problem was controlled and I feel happier and do not dread the post coming in the morning. The CAB gave me that.”

[Without the CAB] … I would have ended up in the mental ward because of the stress and loss”• Could we have done this differently?• Use of General Health Questionnaire GHQ12 to assess

individual changes rather than population changes• Shortcomings of WEMWBS - population measurement

tool