|Benefit-Cost Summary Statistics Per Participant|
|Taxpayers||($4,945)||Benefits minus costs||($28,117)|
|Participants||$0||Benefit to cost ratio||n/a|
|Others||($29,993)||Chance the program will produce|
|Indirect||$625||benefits greater than the costs||0 %|
|Net program cost||$6,196|
|Benefits minus cost||($28,117)|
|Meta-Analysis of Program Effects|
|Outcomes measured||Treatment age||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|
Any criminal conviction according to court records, sometimes measured through charges, arrests, incarceration, or self-report.
Crime elasticity: property
Change in property crime rates in response to a particular policy change.
|Detailed Monetary Benefit Estimates Per Participant|
|Affected outcome:||Resulting benefits:1||Benefits accrue to:|
|Crime||Criminal justice system||($560)||$0||($1,267)||($280)||($2,107)|
|Crime elasticity: property||Crime||($4,385)||$0||($28,726)||($2,192)||($35,303)|
|Program cost||Adjustment for deadweight cost of program||$0||$0||$0||$3,098||$3,098|
|Detailed Annual Cost Estimates Per Participant|
|Annual cost||Year dollars||Summary|
|Program costs||($5,640)||2012||Present value of net program costs (in 2018 dollars)||$6,196|
|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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