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Author: David Frayman

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CEP occasional paper
CEP wellbeing coefficient database

Wellbeing cost-benefit analysis requires credible estimates of how much specific life circumstances change subjective wellbeing. This paper documents and contextualises a compendium of 123 such estimates, drawn from 19 d...Read more...

David Frayman, Christian Krekel, Richard Layard, Sara MacLennan, Isaac Parkes and Janey Tietz

22 July 2026

CEP occasional paper
The full returns to higher education in the UK

University education is known to generate significant earnings returns, but its full value may be understated without considering its wider effects on individual wellbeing. This paper estimates the complete lifetime retu...Read more...

David Frayman

10 July 2025

CEP occasional paper
The high price of doing nothing: evaluating an expansion of employment support for health-related inactivity

Employment support for those with mild-to-moderate health conditions is estimated to deliver large benefits to the individual and government finances, paying for itself within 5 years. This suggests enabling inactive ind...Read more...

David Frayman

12 December 2024

CentrePiece article
Spending public money to create happier lives

Choosing policies that most improve wellbeing would radically change government priorities. David Frayman, Christian Krekel, Richard Layard, Sara MacLennan and Isaac Parkes explain the science behind the new approach....Read more...

David Frayman, Christian Krekel, Richard Layard, Sara MacLennan and Isaac Parkes

18 October 2024

CEP occasional paper
A wellbeing cost-benefit analysis of raising the state pension age

Governments of developed countries are facing growing pressures from the fiscal demands of an ageing population. To cope with this, they have tried to get individuals to work longer, primarily by raising the ages at whic...Read more...

David Frayman

4 September 2024

CEP occasional paper
The apprenticeship guarantee

The UK has a poor record of providing opportunities to learn skills for the around half of young people that do not attend university. Over a third of 18-year-olds in England are not undertaking any education or training...Read more...

David Frayman

4 September 2024

CEP report
Value for money: How to improve wellbeing and reduce misery

The government spends billions on our behalf. How do we want this money to be spent? This report reviews a range of policies and asks the fundamental question which should be asked of every policy: Does it deliver value ...Read more...

David Frayman, Christian Krekel, Richard Layard, Sara MacLennan and Isaac Parkes

3 September 2024