ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $5,119 | Benefits minus costs | $22,614 | |||
Participants | $12,000 | Benefit to cost ratio | $38.56 | |||
Others | $6,386 | Chance the program will produce | ||||
Indirect | ($289) | benefits greater than the costs | 98% | |||
Total benefits | $23,216 | |||||
Net program cost | ($602) | |||||
Benefits minus cost | $22,614 | |||||
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 | |||||
Test scores Standardized, validated tests of academic achievement. |
13 | 5 | 30857 | 0.093 | 0.041 | 13 | 0.093 | 0.041 | 17 | 0.093 | 0.023 | |
High school graduation On-time completion of high school with a diploma (excluding GED attainment). |
13 | 2 | 10463 | 0.045 | 0.022 | 18 | 0.045 | 0.022 | 18 | 0.045 | 0.040 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
High school graduation | Criminal justice system | $25 | $0 | $61 | $12 | $98 |
Test scores | Labor market earnings associated with test scores | $5,094 | $12,000 | $6,325 | $0 | $23,419 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($301) | ($301) |
Totals | $5,119 | $12,000 | $6,386 | ($289) | $23,216 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $479 | 2013 | Present value of net program costs (in 2023 dollars) | ($602) |
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. |
Bartik, T.J., & Lachowska, M. (2014). The effects of doubling instruction efforts on middle school students' achievement: Evidence from a mutiyear regression-discontinuity design (Working Paper 14-205). Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.
Cortes, K., Goodman, J., & Nomi, T. (2014). Intensive math instruction and educational attainment: Long-run impacts of double-dose algebra (Working Paper 20211). Cambridge, MA: National Bureau of Economic Research.
Dougherty, S.M. (2015). Bridging the discontinuity in adolescent literacy?: Mixed evidence from a middle grades intervention. Education, Finance, and Policy, 10(2), 157-192.
Fryer, R.G. (2011). Injecting successful charter school strategies into traditional public schools: Early results from an experiment in Houston (NBER Working Paper 17494). Cambridge, MA: National Bureau of Economic Research.
Taylor, E. (2014). Spending more of the school day in math class: Evidence from a regression discontinuity in middle school. Journal of Public Economics, 117, 162-181.