|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||$136||Benefits minus costs||$361|
|Participants||$146||Benefit to cost ratio||$6.54|
|Others||$141||Chance the program will produce|
|Indirect||$4||benefits greater than the costs||57 %|
|Net program cost||($65)|
|Benefits minus cost||$361|
|Detailed Monetary Benefit Estimates Per Participant|
|Benefits from changes to:1||Benefits to:|
|Labor market earnings associated with high school graduation||$65||$144||$66||$0||$275|
|Property loss associated with alcohol abuse or dependence||$0||$0||$0||$0||$0|
|Health care associated with illicit drug abuse or dependence||$73||$13||$65||$37||$188|
|Costs of higher education||($7)||($11)||($3)||($3)||($24)|
|Adjustment for deadweight cost of program||$0||$0||$0||($33)||($32)|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||$63||2012||Present value of net program costs (in 2015 dollars)||($65)|
|Comparison costs||$0||2012||Cost range (+ or -)||10 %|
|Estimated Cumulative Net Benefits Over Time (Non-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 non-discounted dollars to simplify the “break-even” point from a budgeting perspective. 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.|
|Meta-Analysis of Program Effects|
|Outcomes measured||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|
|Alcohol use in high school||6||4467||-0.004||0.034||16||-0.004||0.034||18||-0.017||0.729|
|Smoking in high school||6||4467||-0.010||0.033||16||-0.010||0.033||18||-0.040||0.420|
|Cannabis use in high school||6||4467||-0.009||0.034||16||-0.009||0.034||18||-0.031||0.465|
|Illicit drug use in high school||6||4467||-0.027||0.034||16||-0.027||0.034||18||-0.098||0.058|
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