META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | $2,226 | Benefits minus costs | $9,926 | |||
| Participants | $832 | Benefit to cost ratio | n/a | |||
| Others | $4,523 | Chance the program will produce | ||||
| Indirect | $1,381 | benefits greater than the costs | 97 % | |||
| Total benefits | $8,961 | |||||
| Net program cost | $965 | |||||
| Benefits minus cost | $9,926 | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | $1,750 | $0 | $4,229 | $872 | $6,851 |
| Labor market earnings associated with high school graduation | $421 | $927 | $423 | $0 | $1,771 |
| Health care associated with educational attainment | $100 | ($27) | ($109) | $49 | $13 |
| Costs of higher education | ($45) | ($68) | ($20) | ($22) | ($156) |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | $482 | $482 |
| Totals | $2,226 | $832 | $4,523 | $1,381 | $8,961 |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $1,021 | 2006 | Present value of net program costs (in 2016 dollars) | $965 |
| Comparison costs | $1,950 | 2008 | 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 | 8 | 628 | -0.129 | 0.083 | 16 | -0.129 | 0.083 | 26 | -0.365 | 0.001 | |
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