|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$3,560||Benefits minus costs||$3,709|
|Participants||$3,611||Benefit to cost ratio||$1.66|
|Others||$4,012||Chance the program will produce|
|Indirect||($1,817)||benefits greater than the costs||59 %|
|Net program cost||($5,657)|
|Benefits minus cost||$3,709|
|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|
Any criminal conviction according to court records, sometimes measured through charges, arrests, incarceration, or self-report.
Percent change in labor market earnings, typically weekly or monthly wages.
Any employment, including part-time work.
|Detailed Monetary Benefit Estimates Per Participant|
|Affected outcome:||Resulting benefits:1||Benefits accrue to:|
|Crime||Criminal justice system||$2,023||$0||$4,012||$1,011||$7,046|
|Earnings||Labor market earnings||$1,537||$3,611||$0||$0||$5,149|
|Program cost||Adjustment for deadweight cost of program||$0||$0||$0||($2,828)||($2,828)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$4,717||2007||Present value of net program costs (in 2018 dollars)||($5,657)|
|Comparison costs||$0||2007||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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