ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $942 | Benefits minus costs | $4,814 | |||
Participants | $2,511 | Benefit to cost ratio | $416.91 | |||
Others | $1,522 | Chance the program will produce | ||||
Indirect | ($148) | benefits greater than the costs | 59% | |||
Total benefits | $4,826 | |||||
Net program cost | ($12) | |||||
Benefits minus cost | $4,814 | |||||
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 | |||||
Enroll in 4-year college Enroll in a 4-year higher education institution. |
18 | 2 | 6269 | 0.012 | 0.057 | 18 | 0.012 | 0.057 | 18 | 0.012 | 0.832 | |
Enroll in 2-year college Enroll in a 2-year higher education institution. |
18 | 2 | 6269 | 0.025 | 0.080 | 18 | 0.025 | 0.080 | 18 | 0.025 | 0.756 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Enroll in 2-year college | Labor market earnings associated with higher education | $1,227 | $2,891 | $1,632 | $0 | $5,750 |
Costs of higher education | ($285) | ($380) | ($110) | ($143) | ($919) | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($6) | ($6) |
Totals | $942 | $2,511 | $1,522 | ($148) | $4,826 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $9 | 2009 | Present value of net program costs (in 2023 dollars) | ($12) |
Comparison costs | $0 | 2009 | Cost range (+ or -) | 25% |
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. |
Castleman, B.L., & Page, L.C. (2015). Summer nudging: Can personalized text messages and peer mentor outreach increase college going among low-income high school graduates? Journal of Economic Behavior & Organization, 115(3), 144-160.
Page, L.C., & Gehlbach, H. (2017). How an artificially intelligent virtual assistant helps students navigate the road to college. AERA Open, 3(4), 1-12.