ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $183 | Benefits minus costs | $48 | |||
Participants | $356 | Benefit to cost ratio | $1.12 | |||
Others | $71 | Chance the program will produce | ||||
Indirect | ($172) | benefits greater than the costs | 47% | |||
Total benefits | $439 | |||||
Net program cost | ($392) | |||||
Benefits minus cost | $48 | |||||
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 | |||||||||||
ES | SE | Age | ES | SE | Age | ES | p-value | |||||
Cannabis use before end of high school Any use of cannabis by the end of high school, typically between ages 14 and 18. |
17 | 4 | 596 | -0.025 | 0.113 | 18 | -0.003 | 0.170 | 18 | -0.025 | 0.825 | |
Problem alcohol use Alcohol use reflecting problem behaviors (e.g., high frequency drinking, binge drinking, or drinking that has a high impact on daily life) for individuals who do not have an alcohol use disorder. |
17 | 5 | 854 | -0.099 | 0.068 | 17 | -0.014 | 0.102 | 19 | -0.099 | 0.145 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Problem alcohol use | Labor market earnings associated with problem alcohol use | $150 | $352 | $0 | $0 | $502 |
Property loss associated with problem alcohol use | $0 | $1 | $2 | $0 | $3 | |
Health care associated with problem alcohol use | $10 | $2 | $11 | $5 | $27 | |
Mortality associated with problem alcohol | $0 | $1 | $0 | $8 | $9 | |
Cannabis use before end of high school | Criminal justice system | $24 | $0 | $59 | $12 | $94 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($196) | ($196) |
Totals | $183 | $356 | $71 | ($172) | $439 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $328 | 2014 | Present value of net program costs (in 2022 dollars) | ($392) |
Comparison costs | $0 | 2014 | 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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