ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $2,005 | Benefits minus costs | $6,684 | |||
Participants | $0 | Benefit to cost ratio | $12.68 | |||
Others | $4,535 | Chance the program will produce | ||||
Indirect | $716 | benefits greater than the costs | 100% | |||
Total benefits | $7,256 | |||||
Net program cost | ($572) | |||||
Benefits minus cost | $6,684 | |||||
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 | |||||||||||
ES | SE | Age | ES | SE | Age | ES | p-value | |||||
Crime Any criminal conviction according to court records, sometimes measured through charges, arrests, incarceration, or self-report. |
34 | 12 | 11827 | -0.057 | 0.018 | 36 | -0.057 | 0.018 | 46 | -0.084 | 0.001 | |
Employment^^ Any employment, including part-time work. |
34 | 1 | 424 | 0.079 | 0.086 | 34 | n/a | n/a | n/a | 0.199 | 0.022 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Crime | Criminal justice system | $2,005 | $0 | $4,535 | $1,002 | $7,542 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($286) | ($286) |
Totals | $2,005 | $0 | $4,535 | $716 | $7,256 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $485 | 2016 | Present value of net program costs (in 2022 dollars) | ($572) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 10% |
Benefits Minus Costs |
Benefits by Perspective |
Taxpayer Benefits by Source of Value |
Benefits Minus Costs Over Time (Cumulative 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 discounted dollars. 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. |
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