ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $1,404 | Benefits minus costs | $2,807 | |||
Participants | $1,361 | Benefit to cost ratio | $2.18 | |||
Others | $3,227 | Chance the program will produce | ||||
Indirect | ($802) | benefits greater than the costs | 74% | |||
Total benefits | $5,190 | |||||
Net program cost | ($2,383) | |||||
Benefits minus cost | $2,807 | |||||
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. |
14 | 1 | 1016 | -0.072 | 0.044 | 14 | -0.072 | 0.044 | 24 | -0.072 | 0.100 | |
School attendance^ Number or percentage of school days present in a given enrollment period. |
14 | 1 | 1016 | 0.010 | 0.044 | 14 | n/a | n/a | n/a | 0.010 | 0.815 | |
Grade point average^ Non-standardized measure of student performance calculated across subjects. |
14 | 1 | 1016 | -0.005 | 0.044 | 14 | n/a | n/a | n/a | -0.005 | 0.913 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Crime | Criminal justice system | $911 | $0 | $2,463 | $455 | $3,829 |
Labor market earnings associated with high school graduation | $625 | $1,473 | $801 | $0 | $2,899 | |
Costs of higher education | ($132) | ($112) | ($37) | ($66) | ($346) | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($1,191) | ($1,191) |
Totals | $1,404 | $1,361 | $3,227 | ($802) | $5,190 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $2,000 | 2015 | Present value of net program costs (in 2022 dollars) | ($2,383) |
Comparison costs | $0 | 2015 | 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. |
Heller, S.B., Shah, A.K., Guryan, J., Ludwig, J., Mullainathan, S., & Pollack, H.A. (2015). Thinking, fast and slow?: Some field experiments to reduce crime and dropout in Chicago (NBER Working Paper 21178). Cambridge, MA: National Bureau of Economic Research.