ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $4 | Benefits minus costs | ($2,788) | |||
Participants | ($144) | Benefit to cost ratio | ($0.47) | |||
Others | $161 | Chance the program will produce | ||||
Indirect | ($915) | benefits greater than the costs | 0% | |||
Total benefits | ($894) | |||||
Net program cost | ($1,894) | |||||
Benefits minus cost | ($2,788) | |||||
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 | |||||
Earnings Percent change in labor market earnings, typically weekly or monthly wages. |
17 | 1 | 114013 | -0.004 | 0.005 | 20 | 0.000 | 0.017 | 22 | -0.004 | 0.043 | |
Death^ “All-cause mortality,” or the proportion of all deaths in a given population during a specified period of time, regardless of the cause. |
17 | 1 | 114013 | -0.011 | 0.004 | 20 | n/a | n/a | n/a | -0.011 | 0.016 | |
Crime Any criminal conviction according to court records, sometimes measured through charges, arrests, incarceration, or self-report. |
17 | 2 | 114743 | -0.009 | 0.004 | 20 | -0.009 | 0.004 | 28 | -0.009 | 0.033 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Crime | Criminal justice system | $65 | $0 | $161 | $32 | $258 |
Earnings | Labor market earnings | ($61) | ($144) | $0 | $0 | ($206) |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($947) | ($947) |
Totals | $4 | ($144) | $161 | ($915) | ($894) | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $1,403 | 2008 | Present value of net program costs (in 2023 dollars) | ($1,894) |
Comparison costs | $0 | 2008 | Cost range (+ or -) | 30% |
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. |
Gelber, A., Isen, A., & Kessler, J.B. (2016). The effects of youth employment: Evidence from New York City lotteries. The Quarterly Journal of Economics, 131(1), 423-460.
Heller, S.B. (2014). Summer jobs reduce violence among disadvantaged youth. Science New York Then Washington-, 346, 6214, 1219-1222.