HDR Establishes Economic Methods to Assess Social Equity Value in Infrastructure
HDR Principal Economist Chris Behr completed a multiyear research initiative to determine how economic analysis can contribute to equity assessments of infrastructure projects. Funded through HDR’s Fellowship Program , the work culminated in an economic method, called Social Equity Value Analysis , which better accounts for the value of projects to disadvantaged communities and people with lower incomes. The SEVA method was reviewed and endorsed by an advisory panel of leading subject matter experts including academics and federal, state and local agency economists and engineers. “SEVA reveals a more complete measure of the value of projects in ways that a benefit-cost analysis cannot, especially for people with lower incomes,” Behr said. “The results add important new perspectives on projects for infrastructure owners and state and federal funding agencies, which aim to account for equity in implementation decisions.” SEVA is a benefit-cost analysis weighted by the incom...