The MVPF is a valuable tool because it serves as a unifying measure for policy analysis. In recent work, the Principal Investigators at Policy Impacts have used the MVPF to draw lessons from historical US policies.
We analyzed 133 historical policy changes in the U.S. over the past half century.
We analyze policies spanning social insurance (e.g. health and disability insurance), education and job training (e.g. preschool spending and college subsidies), taxes and cash transfers (e.g. top tax rate changes or expansions of the earned income tax credit), and in-kind transfers (e.g. housing vouchers and food stamps.)
That research produced the following 5 lessons: