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Exploring the Role of Cost Benefit Analysis in Government Regulations

In the ongoing debate about the value of cost-benefit analysis, proponents argue it should play a dominant role in policy making. Critics argue that cost-benefit analysis is a seriously flawed basis for this purpose. This Research Report by Keith D. Lind, a Senior Policy Advisor with AARP’s Public Policy Institute and coauthors from the Eastern Research Group identifies strengths and weaknesses of cost-benefit and cost-effectiveness analysis. It highlights key factors, like age, that can influence the results and provides insights into the role of cost-benefit analysis in government regulations.