ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $458 | Benefits minus costs | $1,955 | |||
Participants | $873 | Benefit to cost ratio | $60.29 | |||
Others | $603 | Chance the program will produce | ||||
Indirect | $55 | benefits greater than the costs | 100% | |||
Total benefits | $1,988 | |||||
Net program cost | ($33) | |||||
Benefits minus cost | $1,955 | |||||
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 | |||||
Smoking before end of middle school Any smoking of tobacco by the end of middle school, typically by age 13. |
12 | 2 | 2108 | -0.294 | 0.052 | 12 | -0.294 | 0.052 | 13 | -0.294 | 0.001 | |
Cannabis use before end of middle school Any use of cannabis by the end of middle school, typically by age 13. |
12 | 2 | 2108 | -0.254 | 0.052 | 12 | -0.254 | 0.052 | 13 | -0.254 | 0.001 | |
Alcohol use before end of middle school Any use of alcohol by the end of middle school, typically by age 13. |
12 | 2 | 2108 | -0.194 | 0.048 | 12 | -0.194 | 0.048 | 13 | -0.194 | 0.001 | |
Smoking before end of high school Any smoking of tobacco by the end of high school, typically between ages 14 and 18. |
12 | 6 | 9045 | -0.047 | 0.017 | 13 | -0.047 | 0.017 | 18 | -0.047 | 0.006 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Smoking before end of middle school | Labor market earnings associated with high school graduation | $392 | $924 | $502 | $0 | $1,819 |
Health care associated with smoking | $123 | $35 | $127 | $61 | $345 | |
Costs of higher education | ($58) | ($88) | ($26) | ($29) | ($202) | |
Mortality associated with smoking | $1 | $2 | $0 | $40 | $43 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($16) | ($16) |
Totals | $458 | $873 | $603 | $55 | $1,988 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $27 | 2012 | Present value of net program costs (in 2022 dollars) | ($33) |
Comparison costs | $0 | 2012 | Cost range (+ or -) | 20% |
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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