META-ANALYSIS |
CITATIONS |
|
| Benefit-Cost Summary Statistics Per Participant | ||||||
| Benefits to: | ||||||
| Taxpayers | $1,660 | Benefits minus costs | $4,611 | |||
| Participants | $269 | Benefit to cost ratio | $3.14 | |||
| Others | $5,154 | Chance the program will produce | ||||
| Indirect | ($316) | benefits greater than the costs | 68 % | |||
| Total benefits | $6,768 | |||||
| Net program cost | ($2,156) | |||||
| Benefits minus cost | $4,611 | |||||
| Detailed Monetary Benefit Estimates Per Participant | |||||
| Benefits from changes to:1 | Benefits to: | ||||
| Taxpayers | Participants | Others2 | Indirect3 | Total |
|
| Crime | $1,506 | $0 | $5,058 | $746 | $7,311 |
| Labor market earnings associated with high school graduation | $136 | $300 | $138 | $0 | $575 |
| Health care associated with educational attainment | $32 | ($9) | ($35) | $16 | $4 |
| Costs of higher education | ($15) | ($22) | ($7) | ($7) | ($51) |
| Adjustment for deadweight cost of program | $0 | $0 | $0 | ($1,071) | ($1,071) |
| Totals | $1,660 | $269 | $5,154 | ($316) | $6,768 |
| Detailed Annual Cost Estimates Per Participant | ||||
| Annual cost | Year dollars | Summary | ||
| Program costs | $1,947 | 2009 | Present value of net program costs (in 2016 dollars) | ($2,156) |
| Comparison costs | $0 | 2009 | 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 | 9 | 1101 | -0.049 | 0.060 | 18 | -0.049 | 0.060 | 28 | -0.059 | 0.328 | |
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