ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $9,233 | Benefits minus costs | $48,029 | |||
Participants | $20,334 | Benefit to cost ratio | $1,003.36 | |||
Others | $705 | Chance the program will produce | ||||
Indirect | $17,804 | benefits greater than the costs | 100% | |||
Total benefits | $48,077 | |||||
Net program cost | ($48) | |||||
Benefits minus cost | $48,029 | |||||
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 | |||||
Regular smoking Smoking tobacco on a regular basis. |
31 | 7 | 1433 | -0.427 | 0.066 | 31 | -0.427 | 0.066 | 41 | -0.431 | 0.001 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Regular smoking | Labor market earnings associated with smoking | $8,300 | $19,553 | $0 | $0 | $27,854 |
Health care associated with smoking | $683 | $193 | $705 | $342 | $1,923 | |
Mortality associated with smoking | $250 | $588 | $0 | $17,487 | $18,324 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($24) | ($24) |
Totals | $9,233 | $20,334 | $705 | $17,804 | $48,077 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $40 | 2012 | Present value of net program costs (in 2022 dollars) | ($48) |
Comparison costs | $1 | 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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