ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | ($5,526) | Benefits minus costs | ($31,426) | |||
Participants | $0 | Benefit to cost ratio | n/a | |||
Others | ($33,530) | Chance the program will produce | ||||
Indirect | $702 | benefits greater than the costs | 0% | |||
Total benefits | ($38,355) | |||||
Net program cost | $6,929 | |||||
Benefits minus cost | ($31,426) | |||||
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. |
28 | n/a | 0 | 0.018 | 0.021 | 29 | 0.018 | 0.021 | 37 | 0.000 | 0.001 | |
Crime elasticity: property Change in property crime rates in response to a particular policy change. |
28 | n/a | 0 | -0.351 | 0.095 | 29 | -0.246 | 0.029 | 29 | 0.000 | 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 | ($626) | $0 | ($1,416) | ($313) | ($2,356) |
Crime elasticity: property | Crime | ($4,900) | $0 | ($32,114) | ($2,450) | ($39,464) |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | $3,465 | $3,465 |
Totals | ($5,526) | $0 | ($33,530) | $702 | ($38,355) | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | ($5,640) | 2012 | Present value of net program costs (in 2022 dollars) | $6,929 |
Comparison costs | $0 | 2012 | 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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