ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $1,040 | Benefits minus costs | $4,713 | |||
Participants | $2,451 | Benefit to cost ratio | $103.14 | |||
Others | $1,292 | Chance the program will produce | ||||
Indirect | ($23) | benefits greater than the costs | 57% | |||
Total benefits | $4,760 | |||||
Net program cost | ($46) | |||||
Benefits minus cost | $4,713 | |||||
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. |
14 | 4 | 2165 | 0.062 | 0.085 | 14 | n/a | n/a | n/a | 0.145 | 0.096 | |
Test scores Standardized, validated tests of academic achievement. |
14 | 3 | 266 | 0.032 | 0.098 | 14 | 0.019 | 0.108 | 17 | 0.057 | 0.679 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Test scores | Labor market earnings associated with test scores | $1,040 | $2,451 | $1,292 | $0 | $4,783 |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($23) | ($23) |
Totals | $1,040 | $2,451 | $1,292 | ($23) | $4,760 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $39 | 2016 | Present value of net program costs (in 2022 dollars) | ($46) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 60% |
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. |
Blackwell, L.S., Trzesniewski, K.H., & Dweck, C.S. (2007). Implicit theories of intelligence predict achievement across an adolescent transition: A longitudinal study and an intervention. Child Development, 78(1), 246-263.
Chao, M.M., Visaria, S., Mukhopadhyay, A., & Dehejia, R. (2017). Do rewards reinforce the growth mindset?: Joint effects of the growth mindset and incentive schemes in a field intervention. Journal of Experimental Psychology: General, 146(10), 1402-1419.
Good, C., Aronson, J., & Inzlicht, M. (2003). Improving adolescents' standardized test performance: An intervention to reduce the effects of stereotype threat. Journal of Applied Developmental Psychology, 24(6), 645-662.
Paunesku, D., Walton, G.M., Romero, C., Smith, E.N., Yeager, D.S., & Dweck, C.S. (2015). Mind-set interventions are a scalable treatment for academic underachievement. Psychological Science, 26(6), 784-793.
Rienzo, C., Rolfe, H., & Wilkinson, D. (2015). Changing mindsets: Evaluation report and executive summary. London, United Kingdom: Education Endowment Foundation.
Yeager, D.S., Romero, C., Paunesku, D., Hulleman, C.S., Schneider, B., Hinojosa, C., . . . Dweck, C. (2016). Using design thinking to improve psychological interventions: The case of the growth mindset during the transition to high school. Journal of Educational Psychology, 108(3), 374-391.