ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $153 | Benefits minus costs | $229 | |||
Participants | $19 | Benefit to cost ratio | $1.56 | |||
Others | $24 | Chance the program will produce | ||||
Indirect | $442 | benefits greater than the costs | 78% | |||
Total benefits | $639 | |||||
Net program cost | ($409) | |||||
Benefits minus cost | $229 | |||||
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 | |||||
Falls‡ An event which results in a person coming to rest inadvertently on the ground or floor or other lower level. |
72 | 2 | 91 | 0.593 | 0.092 | 72 | 1.000 | 0.000 | 73 | 0.593 | 0.001 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Falls | Health care associated with falls | $153 | $19 | $24 | $77 | $274 |
Mortality associated with falls | $0 | $0 | $0 | $570 | $570 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($205) | ($205) |
Totals | $153 | $19 | $24 | $442 | $639 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $334 | 2016 | Present value of net program costs (in 2023 dollars) | ($409) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 50% |
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. |
Wolf, S.L., Barnhart, H.X., Kutner, N.G., McNeely, E., Coogler, C., & Xu, T. (1996). Reducing frailty and falls in older persons: an investigation of Tai Chi and computerized balance training. Journal of the American Geriatrics Society, 44 (5), 489.
Woo, J., Hong, A., Lau, E., & Lynn, H. (2007). A randomised controlled trial of Tai Chi and resistance exercise on bone health, muscle strength and balance in community-living elderly people. Age and Ageing, 36 (3), 262-268.