META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | $4,651 | Benefits minus costs | $11,102 | |||
| Participants | $786 | Benefit to cost ratio | $2.42 | |||
| Others | $15,280 | Chance the program will produce | ||||
| Indirect | ($1,782) | benefits greater than the costs | 84 % | |||
| Total benefits | $18,935 | |||||
| Net program cost | ($7,834) | |||||
| Benefits minus cost | $11,102 | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | $4,202 | $0 | $14,999 | $2,091 | $21,292 |
| Labor market earnings associated with high school graduation | $398 | $877 | $403 | $0 | $1,678 |
| Health care associated with educational attainment | $94 | ($26) | ($103) | $47 | $12 |
| Costs of higher education | ($43) | ($65) | ($19) | ($21) | ($148) |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | ($3,898) | ($3,898) |
| Totals | $4,651 | $786 | $15,280 | ($1,782) | $18,935 |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $7,076 | 2008 | Present value of net program costs (in 2016 dollars) | ($7,834) |
| Comparison costs | $0 | 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 | 11 | 754 | -0.140 | 0.067 | 17 | -0.138 | 0.068 | 27 | -0.425 | 0.001 | |
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