META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | $9,813 | Benefits minus costs | $40,229 | |||
| Participants | $1,377 | Benefit to cost ratio | $12.60 | |||
| Others | $29,693 | Chance the program will produce | ||||
| Indirect | $2,813 | benefits greater than the costs | 99 % | |||
| Total benefits | $43,696 | |||||
| Net program cost | ($3,467) | |||||
| Benefits minus cost | $40,229 | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | $9,026 | $0 | $29,204 | $4,503 | $42,733 |
| Labor market earnings associated with high school graduation | $700 | $1,540 | $705 | $0 | $2,945 |
| Health care associated with educational attainment | $166 | ($45) | ($182) | $83 | $22 |
| Costs of higher education | ($78) | ($118) | ($35) | ($39) | ($271) |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | ($1,734) | ($1,734) |
| Totals | $9,813 | $1,377 | $29,693 | $2,813 | $43,696 |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $3,134 | 2008 | Present value of net program costs (in 2016 dollars) | ($3,467) |
| 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 | 8 | 681 | -0.261 | 0.096 | 19 | -0.261 | 0.096 | 29 | -0.585 | 0.001 | |
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