ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $712 | Benefits minus costs | $2,464 | |||
Participants | $1,275 | Benefit to cost ratio | $59.70 | |||
Others | $201 | Chance the program will produce | ||||
Indirect | $319 | benefits greater than the costs | 87% | |||
Total benefits | $2,506 | |||||
Net program cost | ($42) | |||||
Benefits minus cost | $2,464 | |||||
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 | |||||
Regular smoking Smoking tobacco on a regular basis. |
42 | 7 | 3577 | -0.060 | 0.054 | 42 | -0.060 | 0.054 | 43 | -0.060 | 0.262 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Regular smoking | Labor market earnings associated with smoking | $514 | $1,211 | $0 | $0 | $1,726 |
Health care associated with smoking | $194 | $55 | $201 | $97 | $547 | |
Mortality associated with smoking | $4 | $8 | $0 | $243 | $255 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($21) | ($21) |
Totals | $712 | $1,275 | $201 | $319 | $2,506 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $34 | 2012 | Present value of net program costs (in 2022 dollars) | ($42) |
Comparison costs | $0 | 2012 | Cost range (+ or -) | 20% |
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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