|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$739||Benefits minus costs||$2,872|
|Participants||$1,217||Benefit to cost ratio||$101.95|
|Others||$801||Chance the program will produce|
|Indirect||$143||benefits greater than the costs||100 %|
|Net program cost||($28)|
|Benefits minus cost||$2,872|
|Detailed Monetary Benefit Estimates Per Participant|
|Benefits from changes to:1||Benefits to:|
|Labor market earnings associated with high school graduation||$582||$1,281||$588||$0||$2,450|
|Health care associated with smoking||$246||$70||$254||$123||$692|
|Costs of higher education||($91)||($138)||($41)||($45)||($315)|
|Mortality associated with smoking||$2||$4||$0||$80||$87|
|Adjustment for deadweight cost of program||$0||$0||$0||($14)||($14)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$27||2012||Present value of net program costs (in 2017 dollars)||($28)|
|Comparison costs||$0||2012||Cost range (+ or -)||20 %|
|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||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|
|Alcohol use before end of middle school||12||2||2108||-0.194||0.048||12||-0.194||0.048||14||-0.194||0.001|
|Cannabis use before end of middle school||12||2||2108||-0.254||0.052||12||-0.254||0.052||14||-0.254||0.001|
|Smoking in high school||12||6||9045||-0.047||0.017||13||-0.047||0.017||18||-0.047||0.006|
|Smoking before end of middle school||12||2||2108||-0.294||0.052||12||-0.294||0.052||14||-0.294||0.001|
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