We have published two reports on the cost-effectiveness of psychotherapy in terms of subjective well-being.
1. A cost-effectiveness analysis of group or task-shifted psychotherapy in low- and middle-income countries.
2. A cost-effectiveness analysis of StrongMinds, a highly effective non-profit that provides group interpersonal psychotherapy to impoverished women in Uganda and Zambia.
Our StrongMinds report builds on previous work by Halstead et al. (2019) in three ways.
The chart below illustrates a simulation of the comparison between psychotherapy, StrongMinds, monthly cash transfers, and GiveDirectly. Each point is an estimate given by a single run of a Monte Carlo simulation. Lines with a steeper slope reflect a higher cost-effectiveness in terms of depression reduction. Bold lines reflect the cost-effectiveness gradient of interventions, while grey lines are for reference.
In this comparison, a $1,000 donation to StrongMinds is around 12 times (95% CI: 4, 24) more cost-effective than a comparable donation to GiveDirectly.