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META-ANALYSIS |
CITATIONS |
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Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $172 | Benefits minus costs | $418 | |||
Participants | $403 | Benefit to cost ratio | $2.69 | |||
Others | $214 | Chance the program will produce | ||||
Indirect | ($123) | benefits greater than the costs | 62% | |||
Total benefits | $666 | |||||
Net program cost | ($247) | |||||
Benefits minus cost | $418 | |||||
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 | |||||
High school graduation On-time completion of high school with a diploma (excluding GED attainment). |
8 | 77 | 1000 | 0.004 | 0.004 | 8 | 0.004 | 0.004 | 18 | 0.004 | 0.317 | |
Test scores Standardized, validated tests of academic achievement. |
8 | 77 | 1000 | 0.007 | 0.009 | 8 | 0.004 | 0.005 | 17 | 0.007 | 0.452 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
High school graduation | Criminal justice system | $1 | $0 | $2 | $1 | $4 |
Test scores | Labor market earnings associated with test scores | $171 | $403 | $212 | $0 | $786 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($124) | ($124) |
Totals | $172 | $403 | $214 | ($123) | $666 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $198 | 2011 | Present value of net program costs (in 2022 dollars) | ($247) |
Comparison costs | $0 | 2011 | Cost range (+ or -) | 0% |
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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