. Author manuscript; available in PMC: 2016 Jun 1.

Published in final edited form as: J Exp Criminol. 2015 Feb 14;11(2):165–192. doi: 10.1007/s11292-014-9226-3

Table 4.

Benefit-cost analysis of CTC through Grade 12

	CTC effects through Grade 12		Sensitivity analysis: Developer involvement adjustment - Effects reduced by 50%
		95% Confidence Interval		95% Confidence Interval
	Total	[low; high]	Total	[low; high]
Benefits
Participants	$943	[$919; $967]	$486	[$467; $506]
Taxpayers	$1085	[$1070; $1100]	$562	[$550; $574]
Others^a	$1629	[$1605; $1653]	$836	[$813; $859]
DWC^b	$820	[$803; $837]	$421	[$410; $433]
Total	$4477	[$4413; $4540]	$2305	[$2254; $2357]
Costs	($556)	[($551); ($561)]	($556)	[($551); ($561)]
Net present value	$3920	[$3857; $3984]	$1749	[$1698; $1801]
Benefit-cost ratio^a	8.22	[8.08; 8.36]	4.23	[4.13; 4.33]
Internal rate of return	21%		12%
% of Monte Carlo runs in which NPV > $0	100%		99%
Years to investment breakeven point	9		13

This category includes benefits to crime victims and private health insurance companies.

This category includes benefits related to the deadweight cost (DWC) of taxation, second-hand smoking benefits, and avoided household production losses when early mortality is reduced.