ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $4,792 | Benefits minus costs | $14,310 | |||
Participants | $9,309 | Benefit to cost ratio | $15.01 | |||
Others | $985 | Chance the program will produce | ||||
Indirect | $245 | benefits greater than the costs | 98% | |||
Total benefits | $15,332 | |||||
Net program cost | ($1,022) | |||||
Benefits minus cost | $14,310 | |||||
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 | |||||
Major depressive disorder Clinical diagnosis of major depression or symptoms measured on a validated scale. |
47 | 25 | 4094 | -0.258 | 0.058 | 48 | -0.134 | 0.071 | 50 | -0.307 | 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 | $3,830 | $9,022 | $0 | $0 | $12,852 |
Health care associated with major depression | $955 | $270 | $985 | $477 | $2,687 | |
Mortality associated with depression | $7 | $17 | $0 | $279 | $303 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($511) | ($511) |
Totals | $4,792 | $9,309 | $985 | $245 | $15,332 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $834 | 2016 | Present value of net program costs (in 2023 dollars) | ($1,022) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 15% |
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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