META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | ($2,546) | Benefits minus costs | ($9,477) | |||
| Participants | ($809) | Benefit to cost ratio | ($88.14) | |||
| Others | ($4,895) | Chance the program will produce | ||||
| Indirect | ($1,121) | benefits greater than the costs | 4 % | |||
| Total benefits | ($9,370) | |||||
| Net program cost | ($106) | |||||
| Benefits minus cost | ($9,477) | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | ($2,084) | $0 | ($4,607) | ($1,041) | ($7,732) |
| Labor market earnings associated with high school graduation | ($409) | ($901) | ($414) | $0 | ($1,724) |
| Health care associated with educational attainment | ($97) | $26 | $106 | ($48) | ($13) |
| Costs of higher education | $44 | $66 | $20 | $22 | $152 |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | ($53) | ($53) |
| Totals | ($2,546) | ($809) | ($4,895) | ($1,121) | ($9,370) |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $100 | 2011 | Present value of net program costs (in 2016 dollars) | ($106) |
| Comparison costs | $0 | 2011 | Cost range (+ or -) | 10 % |
| Estimated Cumulative Net Benefits Over Time (Non-Discounted Dollars) |
| The graph above illustrates the estimated cumulative net benefits per-participant for the first fifty years beyond the initial investment in the program. We present these cash flows in non-discounted dollars to simplify the “break-even” point from a budgeting perspective. If the dollars are negative (bars below $0 line), the cumulative benefits do not outweigh the cost of the program up to that point in time. The program breaks even when the dollars reach $0. At this point, the total benefits to participants, taxpayers, and others, are equal to the cost of the program. If the dollars are above $0, the benefits of the program exceed the initial investment. |
| Meta-Analysis of Program Effects | |||||||||||
| Outcomes measured | No. of effect sizes | Treatment N | Adjusted effect sizes (ES) and standard errors (SE) used in the benefit-cost analysis | Unadjusted effect size (random effects model) | |||||||
| First time ES is estimated | Second time ES is estimated | ||||||||||
| ES | SE | Age | ES | SE | Age | ES | p-value | ||||
| Crime | 10 | 752 | 0.128 | 0.072 | 18 | 0.128 | 0.072 | 28 | 0.145 | 0.044 | |
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