ALL |
META-ANALYSIS |
CITATIONS |
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Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $10,934 | Benefits minus costs | $35,267 | |||
Participants | $21,715 | Benefit to cost ratio | $58.01 | |||
Others | $2,013 | Chance the program will produce | ||||
Indirect | $1,224 | benefits greater than the costs | 100% | |||
Total benefits | $35,885 | |||||
Net program cost | ($619) | |||||
Benefits minus cost | $35,267 | |||||
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) | |||||||
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First time ES is estimated | Second time ES is estimated | |||||||||||
ES | SE | Age | ES | SE | Age | ES | p-value | |||||
Major depressive disorder Clinical diagnosis of major depression or symptoms measured on a validated scale. |
39 | 64 | 1489 | -0.481 | 0.044 | 40 | -0.250 | 0.053 | 42 | -0.733 | 0.001 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Major depressive disorder | Labor market earnings associated with major depression | $8,962 | $21,113 | $0 | $0 | $30,075 |
Health care associated with major depression | $1,950 | $551 | $2,013 | $975 | $5,490 | |
Mortality associated with depression | $21 | $50 | $0 | $558 | $630 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($309) | ($309) |
Totals | $10,934 | $21,715 | $2,013 | $1,224 | $35,885 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $1,231 | 2014 | Present value of net program costs (in 2023 dollars) | ($619) |
Comparison costs | $672 | 2008 | Cost range (+ or -) | 10% |
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. |
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