ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $6,820 | Benefits minus costs | $21,514 | |||
Participants | $9,239 | Benefit to cost ratio | $81.88 | |||
Others | $3,399 | Chance the program will produce | ||||
Indirect | $2,322 | benefits greater than the costs | 97% | |||
Total benefits | $21,780 | |||||
Net program cost | ($266) | |||||
Benefits minus cost | $21,514 | |||||
Meta-Analysis of Program Effects | ||||||||||||
Outcomes measured | Treatment age | No. of effect sizes | Treatment N | 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 | |||||
Alcohol use disorder^^ Clinical diagnosis of alcohol use disorder or symptoms measured on a validated scale. |
38 | 1 | 23 | -0.279 | 0.303 | 38 | 0.000 | 0.187 | 41 | -0.279 | 0.357 | |
Illicit drug use disorder^^ Clinical diagnosis of illicit drug use disorder or symptoms measured on a validated scale. When possible, we exclude cannabis/marijuana use disorder from this outcome. |
38 | 1 | 23 | 0.187 | 0.302 | 38 | 0.000 | 0.187 | 41 | 0.187 | 0.537 | |
Major depressive disorder Clinical diagnosis of major depression or symptoms measured on a validated scale. |
38 | 2 | 74 | -0.694 | 0.170 | 38 | -0.361 | 0.208 | 40 | -0.694 | 0.001 | |
Post-traumatic stress Clinical diagnosis of post-traumatic stress disorder (PTSD) or symptoms measured on a validated scale. |
38 | 5 | 240 | -0.358 | 0.093 | 38 | -0.358 | 0.093 | 39 | -0.358 | 0.001 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Major depressive disorder | Labor market earnings associated with major depression | $3,518 | $8,288 | $0 | $0 | $11,806 |
Mortality associated with depression | $9 | $20 | $0 | $808 | $837 | |
Post-traumatic stress | Health care associated with PTSD | $3,294 | $931 | $3,399 | $1,647 | $9,271 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($133) | ($133) |
Totals | $6,820 | $9,239 | $3,399 | $2,322 | $21,780 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $266 | 2023 | Present value of net program costs (in 2023 dollars) | ($266) |
Comparison costs | $0 | 2023 | 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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