|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$2,671||Benefits minus costs||$10,181|
|Participants||$4,308||Benefit to cost ratio||$64.18|
|Others||$3,099||Chance the program will produce|
|Indirect||$264||benefits greater than the costs||71 %|
|Net program cost||($161)|
|Benefits minus cost||$10,181|
|Detailed Monetary Benefit Estimates Per Participant|
|Benefits from changes to:1||Benefits to:|
|Labor market earnings associated with high school graduation||$1,985||$4,372||$1,999||$0||$8,356|
|K-12 grade repetition||$8||$0||$0||$4||$12|
|K-12 special education||$35||$0||$0||$18||$53|
|Health care associated with smoking||$687||$224||$850||$345||$2,105|
|Property loss associated with alcohol abuse or dependence||$0||$8||$14||$0||$22|
|Costs of higher education||($196)||($295)||($91)||($99)||($681)|
|Adjustment for deadweight cost of program||$0||$0||$0||($81)||($81)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$78||2011||Present value of net program costs (in 2015 dollars)||($161)|
|Comparison costs||$0||2011||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|
|High school graduation||1||175||0.062||0.119||20||0.062||0.119||20||0.162||0.174|
|Smoking before end of middle school||2||540||-0.088||0.071||12||-0.088||0.071||15||-0.231||0.002|
|Alcohol abuse or dependence||1||176||-0.231||0.128||20||-0.231||0.128||30||-0.609||0.001|
|Major depressive disorder||2||399||-0.135||0.124||20||-0.070||0.152||22||-0.178||0.160|
|Illicit drug abuse or dependence||1||175||-0.115||0.089||20||-0.115||0.089||30||-0.304||0.001|
|Externalizing behavior symptoms||1||425||-0.437||0.084||12||-0.208||0.098||15||-0.437||0.001|
|Antisocial personality disorder||1||179||-0.112||0.128||20||-0.112||0.128||25||-0.295||0.032|
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