|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$1,510||Benefits minus costs||$5,090|
|Participants||$3,547||Benefit to cost ratio||$5.16|
|Others||$1,871||Chance the program will produce|
|Indirect||($612)||benefits greater than the costs||87 %|
|Net program cost||($1,225)|
|Benefits minus cost||$5,090|
|Meta-Analysis of Program Effects|
|Outcomes measured||Treatment age||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|
Standardized, validated tests of academic achievement.
|Detailed Monetary Benefit Estimates Per Participant|
|Affected outcome:||Resulting benefits:1||Benefits accrue to:|
|Test scores||Labor market earnings associated with test scores||$1,510||$3,547||$1,871||$0||$6,928|
|Program cost||Adjustment for deadweight cost of program||$0||$0||$0||($612)||($612)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$1,132||2013||Present value of net program costs (in 2018 dollars)||($1,225)|
|Comparison costs||$0||2013||Cost range (+ or -)||10 %|
Benefits Minus Costs
Benefits by Perspective
Taxpayer Benefits by Source of Value
|Benefits Minus Costs Over Time (Cumulative 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 discounted dollars. 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.|
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