META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | $3,672 | Benefits minus costs | $14,562 | |||
| Participants | $805 | Benefit to cost ratio | $37.87 | |||
| Others | $9,044 | Chance the program will produce | ||||
| Indirect | $1,436 | benefits greater than the costs | 94 % | |||
| Total benefits | $14,957 | |||||
| Net program cost | ($395) | |||||
| Benefits minus cost | $14,562 | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | $3,212 | $0 | $8,757 | $1,608 | $13,576 |
| Labor market earnings associated with high school graduation | $408 | $899 | $414 | $0 | $1,721 |
| Health care associated with educational attainment | $97 | ($27) | ($106) | $49 | $13 |
| Costs of higher education | ($45) | ($68) | ($20) | ($23) | ($156) |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | ($198) | ($198) |
| Totals | $3,672 | $805 | $9,044 | $1,436 | $14,957 |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $285 | 1998 | Present value of net program costs (in 2016 dollars) | ($395) |
| Comparison costs | $0 | 1998 | 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 | 2114 | -0.122 | 0.077 | 18 | -0.122 | 0.077 | 28 | -0.122 | 0.110 | |
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