ALL |
META-ANALYSIS |
CITATIONS |
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Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $11,673 | Benefits minus costs | $45,663 | |||
Participants | $27,498 | Benefit to cost ratio | $9.56 | |||
Others | $14,493 | Chance the program will produce | ||||
Indirect | ($2,667) | benefits greater than the costs | 72% | |||
Total benefits | $50,997 | |||||
Net program cost | ($5,334) | |||||
Benefits minus cost | $45,663 | |||||
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 | |||||
Suspensions/expulsions^ In-school suspensions, out-of-school suspensions, or expulsions from school |
16 | 1 | 68 | -0.210 | 0.220 | 16 | n/a | n/a | n/a | -0.210 | 0.338 | |
School attendance^ Number or percentage of school days present in a given enrollment period. |
16 | 1 | 68 | 0.352 | 0.221 | 16 | n/a | n/a | n/a | 0.352 | 0.111 | |
Office discipline referrals^ Referrals of a student to an administrative office for disciplinary reasons. |
16 | 1 | 72 | 0.073 | 0.208 | 16 | n/a | n/a | n/a | 0.073 | 0.726 | |
Test scores Standardized, validated tests of academic achievement. |
16 | 1 | 60 | 0.217 | 0.251 | 16 | 0.208 | 0.276 | 17 | 0.217 | 0.387 | |
Grade point average^ Non-standardized measure of student performance calculated across subjects. |
16 | 1 | 72 | 0.350 | 0.210 | 16 | n/a | n/a | n/a | 0.350 | 0.095 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Test scores | Labor market earnings associated with test scores | $11,673 | $27,498 | $14,493 | $0 | $53,664 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($2,667) | ($2,667) |
Totals | $11,673 | $27,498 | $14,493 | ($2,667) | $50,997 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $4,400 | 2013 | Present value of net program costs (in 2022 dollars) | ($5,334) |
Comparison costs | $0 | 2013 | 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. |
Cook, P.J., Dodge, K., Farkas, G., Fryer, R.G., Guryan, J., Ludwig, J., ... Steinberg, L.. (2014). The (surprising) efficacy of academic and behavioral intervention with disadvantaged youth: Results from a randomized experiment in Chicago (NBER Working Paper 19862). Cambridge, MA: National Bureau of Economic Research.