ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $3,959 | Benefits minus costs | $3,877 | |||
Participants | $0 | Benefit to cost ratio | $1.64 | |||
Others | $6,960 | Chance the program will produce | ||||
Indirect | ($1,028) | benefits greater than the costs | 97% | |||
Total benefits | $9,892 | |||||
Net program cost | ($6,015) | |||||
Benefits minus cost | $3,877 | |||||
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 | |||||
Crime Any criminal conviction according to court records, sometimes measured through charges, arrests, incarceration, or self-report. |
32 | 72 | 29452 | -0.255 | 0.025 | 33 | -0.255 | 0.025 | 41 | -0.281 | 0.001 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Crime | Criminal justice system | $3,959 | $0 | $6,960 | $1,980 | $12,899 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($3,007) | ($3,007) |
Totals | $3,959 | $0 | $6,960 | ($1,028) | $9,892 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $11,227 | 2003 | Present value of net program costs (in 2023 dollars) | ($6,015) |
Comparison costs | $7,335 | 2003 | Cost range (+ or -) | 30% |
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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