ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $4,965 | Benefits minus costs | $23,760 | |||
Participants | $12,236 | Benefit to cost ratio | $202.99 | |||
Others | $7,295 | Chance the program will produce | ||||
Indirect | ($618) | benefits greater than the costs | 91% | |||
Total benefits | $23,878 | |||||
Net program cost | ($118) | |||||
Benefits minus cost | $23,760 | |||||
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 | 1015 | 0.118 | 0.053 | 18 | 0.118 | 0.053 | 18 | 0.118 | 0.025 | |
Enroll in 2-year college Enroll in a 2-year higher education institution. |
18 | 2 | 1015 | -0.026 | 0.072 | 18 | -0.026 | 0.072 | 18 | -0.026 | 0.721 | |
Enroll in any college^ Enroll in either a 2-year or 4-year higher education institution. |
18 | 5 | 4697 | 0.102 | 0.033 | 18 | n/a | n/a | n/a | 0.137 | 0.030 |
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 | $6,082 | $14,328 | $7,951 | $0 | $28,361 |
Costs of higher education | ($1,117) | ($2,092) | ($656) | ($559) | ($4,424) | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($59) | ($59) |
Totals | $4,965 | $12,236 | $7,295 | ($618) | $23,878 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $87 | 2009 | Present value of net program costs (in 2023 dollars) | ($118) |
Comparison costs | $0 | 2009 | Cost range (+ or -) | 20% |
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.
Castleman, B.L., Arnold, K., & Wartman, K.L. (2012). Stemming the tide of summer melt: An experimental study of the effects of post-high school summer intervention on low-income students’ college enrollment. Journal of Research on Educational Effectiveness, 5(1), 1-17.
Castleman, B.L., Page, L.C., & Schooley, K. (2014). The forgotten summer: Does the offer of college counseling after high school mitigate summer melt among college-intending, low-income high school graduates? Journal of Policy Analysis and Management, 33(2), 320-344.
Castleman, B.L., Owen, L., & Page, L.C. (2015). Stay late or start early? Experimental evidence on the benefits of college matriculation support from high schools versus colleges. Economics of Education Review, 47, 168-179.
Daugherty, L. (2012). Summer Link: A counseling intervention to address the transition from high school to college in a large urban district. Paper presented at the 2012 Fall Conference of the Association for Public Policy Analysis and Management, Baltimore, MD.