ALL |
META-ANALYSIS |
CITATIONS |
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Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $1,386 | Benefits minus costs | $5,167 | |||
Participants | $3,327 | Benefit to cost ratio | $6.59 | |||
Others | $2,044 | Chance the program will produce | ||||
Indirect | ($665) | benefits greater than the costs | 60% | |||
Total benefits | $6,092 | |||||
Net program cost | ($925) | |||||
Benefits minus cost | $5,167 | |||||
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 | |||||
Grade point average^ Non-standardized measure of student performance calculated across subjects. |
17 | 1 | 1038 | -0.022 | 0.041 | 18 | n/a | n/a | n/a | -0.022 | 0.593 | |
Enroll in 2-year college Enroll in a 2-year higher education institution. |
17 | 2 | 1552 | -0.031 | 0.044 | 18 | -0.031 | 0.044 | 18 | -0.031 | 0.474 | |
High school graduation On-time completion of high school with a diploma (excluding GED attainment). |
17 | 1 | 1038 | -0.088 | 0.054 | 18 | -0.088 | 0.054 | 18 | -0.088 | 0.106 | |
Enroll in 4-year college Enroll in a 4-year higher education institution. |
17 | 2 | 1552 | 0.105 | 0.043 | 18 | 0.105 | 0.043 | 18 | 0.105 | 0.015 |
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 | ($62) | ($13) | ($100) |
Labor market earnings associated with high school graduation | ($2,684) | ($6,324) | ($3,445) | $0 | ($12,453) | |
Costs of higher education | $417 | $631 | $189 | $208 | $1,446 | |
Enroll in 2-year college | Labor market earnings associated with higher education | $4,477 | $10,545 | $5,843 | $0 | $20,865 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($861) | ($3,665) |
Totals | $1,386 | $3,327 | $2,044 | ($665) | $6,092 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $708 | 2009 | Present value of net program costs (in 2022 dollars) | ($925) |
Comparison costs | $0 | 2009 | 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. |
Bos, J.M., Berman, J., Kane, T.J., & Tseng, F.M. (2012). The impacts of SOURCE: A program to support college enrollment through near-peer, low-cost student advising. Working paper.
Carrell, S.E., & Sacerdote, B. (2012). Late interventions matter too: The case of college coaching New Hampshire. Cambridge, MA: National Bureau of Economic Research.