ALL |
META-ANALYSIS |
CITATIONS |
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Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $1,053 | Benefits minus costs | $3,200 | |||
Participants | $2,482 | Benefit to cost ratio | $15.33 | |||
Others | $0 | Chance the program will produce | ||||
Indirect | ($112) | benefits greater than the costs | 69% | |||
Total benefits | $3,424 | |||||
Net program cost | ($223) | |||||
Benefits minus cost | $3,200 | |||||
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 | |||||
Earnings* Percent change in labor market earnings, typically weekly or monthly wages. |
39 | 11 | 102201 | 0.036 | 0.015 | 42 | 0.000 | 0.014 | 43 | 0.036 | 0.019 | |
Employment Any employment, including part-time work. |
39 | 13 | 209702 | -0.002 | 0.007 | 42 | 0.000 | 0.014 | 43 | -0.002 | 0.820 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Earnings | Labor market earnings | $1,053 | $2,482 | $0 | $0 | $3,535 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($112) | ($112) |
Totals | $1,053 | $2,482 | $0 | ($112) | $3,424 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $180 | 2014 | Present value of net program costs (in 2023 dollars) | ($223) |
Comparison costs | $0 | 2014 | Cost range (+ or -) | 75% |
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. |
Benus, J.M., Poe-Yamagata, E., Wang, Y., & Blass, E. (2008). Reemployment and Eligibility Assessment REA) study: FY 2005 Initiative. Columbia, MD: IMPAQ International.
Black, D.A., Smith, J.A., Berger, M.C., & Noel, B.J. (2003). Is the threat of reemployment services more effective than the services themselves? Evidence from random assignment in the UI System. American Economic Review, 93(4), 1313-1327.
Decker, P.T., Olsen, R.B., Freeman, L., & Klepinger, D.H. (2000). Assisting unemployment insurance claimants: The long-term impacts of the Job Search Assistance Demonstration. U.S. Department of Labor, Employment and Training Administration, Unemployment Insurance Service
Dickinson, K.P., Kreutzer, S.D., & Decker, P.T. (1997). Evaluation of Worker Profiling and Reemployment Services Systems: Report to Congress. Menlo Park, CA: Social Policy Research Associates.
Dickinson, K.P., Decker, P.T., Kreutzer, S.D., Heinberg, J.D., & Nicholson, W. (2002). Evaluation of WPRS systems. In R.W. Eberts, C.J. O'Leary, & S.A. Wandner (Eds.), Targeting Employment Services (pp. 69-90). Kalamazoo, MI: W.E. Upjohn Institute.
Johnson, T.R., & Klepinger, D.H. (1991). Evaluation of the impacts of the Washington Alternative Work Search Experiment: Final report. Washington, DC: U.S. Department of Labor, Employment and Training Administration, Unemployment Insurance Service.
Michaelides, M., Poe-Yamagata, E., Benus, J., & Tirumalasetti, D. (2012). Impact of the Reemployment and Eligibility Assessment (REA) Initiative in Nevada. Washington, DC: U.S. Department of Labor, Employment and Training Administration.
Poe-Yamagata, E., Benus, J., Bill, N., Carrington, H., Michaelides, M., & Shen, T. (2011). Impact of the Reemployment and Eligibility Assessment (REA) Initiative. Washington, DC: U.S. Department of Labor, Employment and Training Administration.