ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $20,124 | Benefits minus costs | $99,591 | |||
Participants | $55,886 | Benefit to cost ratio | $21.52 | |||
Others | $33,986 | Chance the program will produce | ||||
Indirect | ($5,550) | benefits greater than the costs | 93% | |||
Total benefits | $104,445 | |||||
Net program cost | ($4,854) | |||||
Benefits minus cost | $99,591 | |||||
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 | |||||
High school graduation On-time completion of high school with a diploma (excluding GED attainment). |
14 | 1 | 1010 | 0.150 | 0.323 | 18 | 0.150 | 0.323 | 18 | 0.150 | 0.641 | |
Graduate with 4-year degree Graduate with a degree from a 4-year higher education institution. |
14 | 1 | 1044 | 0.277 | 0.195 | 23 | 0.277 | 0.195 | 23 | 0.277 | 0.156 | |
Enroll in 4-year college Enroll in a 4-year higher education institution. |
14 | 1 | 1044 | 0.120 | 0.226 | 18 | 0.120 | 0.226 | 18 | 0.120 | 0.595 | |
Enroll in 2-year college Enroll in a 2-year higher education institution. |
14 | 1 | 1044 | 0.511 | 0.231 | 18 | 0.511 | 0.231 | 18 | 0.511 | 0.027 | |
Graduate with 2-year degree Graduate with a degree from a 2-year higher education institution. |
14 | 1 | 1044 | 0.905 | 0.261 | 20 | 0.905 | 0.261 | 20 | 0.905 | 0.001 |
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 | $44 | $0 | $105 | $22 | $171 |
Enroll in 2-year college | Labor market earnings associated with higher education | $26,370 | $62,120 | $35,510 | $0 | $124,000 |
Costs of higher education | ($6,290) | ($6,234) | ($1,629) | ($3,145) | ($17,299) | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($2,427) | ($2,427) |
Totals | $20,124 | $55,886 | $33,986 | ($5,550) | $104,445 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $9,727 | 2015 | Present value of net program costs (in 2023 dollars) | ($4,854) |
Comparison costs | $8,695 | 2015 | 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. |
Berger, A., Turk-Bicakci, l., Garet, M. Song, M., Knudson, J., Haxton, C., . . . Cassidy, L. (2013). Early college, early success: Early College High School initiative impact study. Washington DC: American Institutes for Research.
Haxton, C., Song, M., Zeiser, K., Berger, A., Turk-Bicakci, L., Garet, M.S., . . . Hoshen, G. (2016). Longitudinal findings from the Early College High School initiative impact study. Educational Evaluation and Policy Analysis, 38(2), 410-430.