ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $27 | Benefits minus costs | $71 | |||
Participants | $48 | Benefit to cost ratio | $6.47 | |||
Others | $13 | Chance the program will produce | ||||
Indirect | ($3) | benefits greater than the costs | 50% | |||
Total benefits | $84 | |||||
Net program cost | ($13) | |||||
Benefits minus cost | $71 | |||||
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 | |||||
Cannabis use before end of high school Any use of cannabis by the end of high school, typically between ages 14 and 18. |
14 | 1 | 182 | -0.004 | 0.352 | 14 | -0.004 | 0.352 | 18 | -0.004 | 0.991 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Cannabis use before end of high school | Criminal justice system | $4 | $0 | $10 | $2 | $16 |
Labor market earnings associated with cannabis abuse or dependence | $20 | $47 | $0 | $0 | $68 | |
Health care associated with cannabis abuse or dependence | $2 | $0 | $3 | $1 | $7 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($6) | ($6) |
Totals | $27 | $48 | $13 | ($3) | $84 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $11 | 2018 | Present value of net program costs (in 2023 dollars) | ($13) |
Comparison costs | $0 | 2018 | 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. |
Cornelis, H. (2018). Marijuana Education Initiative (MEI), Impact Awareness Evaluation Study, Denver, CO.