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A Benefit-Cost Analysis of Tulsa Pre-K, Based on Effects on High School Graduation and College Attendance 基于高中毕业率和大学出勤率影响的塔尔萨学前教育收益-成本分析
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-09-20 DOI: 10.17848/pol2022-029
T. Bartik, W. Gormley, S. Amadon, Douglas Hummel-Price, J. Fuller
This paper presents new benefit–cost estimates for the Tulsa universal pre-K program. These calculations are based on estimated effects, from two recent papers, of Tulsa pre-K on high-school graduation rates and college attendance rates of students who were in kindergarten in the fall of 2006. In the current paper, educational effects from these prior papers are used to infer lifetime earnings effects. Our conservative estimates suggest that per pre-K participant, the present value of earnings effects in 2021 dollars is $25,533, compared with program costs of $9,628, for a benefit–cost ratio of 2.65. Compared to prior benefit–cost studies of Tulsa pre-K, this benefit–cost ratio is below what was predicted from Tulsa pre-K’s effects on kindergarten test scores, but above what was predicted from Tulsa pre-K’s effects on grade retention by ninth grade. This fading and recovery of predicted pre-K effects as children go through K-12 and then enter adulthood is consistent with prior research. It suggests that pre-K may have important effects on “soft skills,” such as persisting in school, and reminds us that short-term studies of pre-K provide useful information for public policy.
本文提出了新的效益-成本估计为塔尔萨普遍学前教育计划。这些计算是基于最近两篇论文对塔尔萨学前教育对2006年秋季幼儿园学生高中毕业率和大学出勤率的影响的估计。在这篇论文中,教育效应被用来推断终生收入效应。我们的保守估计表明,每个学前教育参与者,2021年美元的收益效应现值为25,533美元,而项目成本为9,628美元,收益成本比为2.65。与之前对塔尔萨学前班的效益成本研究相比,这一效益成本比低于塔尔萨学前班对幼儿园考试成绩影响的预测,但高于塔尔萨学前班对九年级年级保留的影响的预测。随着孩子们从K-12到成年,预估的学前教育影响逐渐消退和恢复,这与之前的研究一致。研究表明,学前教育可能对“软技能”有重要影响,比如坚持上学,并提醒我们,学前教育的短期研究为公共政策提供了有用的信息。
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引用次数: 0
Three Criteria for Evaluating Social Programs 评估社会项目的三个标准
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-09-01 DOI: 10.1017/bca.2022.18
J. García, J. Heckman
Abstract This article examines the economic foundations of three criteria used for evaluating the costs and benefits of social programs. Some criteria do not consider the scale of programs or address the costs associated with programs that expand or contract the total government budget. A recent addition to the list of evaluation criteria – the marginal value of public funds – does not adopt a social optimality perspective. It evaluates the optimality of expenditures assuming a predetermined aggregate budget without considering the social costs of raising that budget.
本文考察了用于评估社会项目成本和收益的三个标准的经济基础。一些标准没有考虑项目的规模,也没有考虑与扩大或缩小政府总预算的项目相关的成本。最近增加的评价标准清单- -公共资金的边际价值- -并没有采用社会最优的观点。它在不考虑提高预算的社会成本的情况下,以预先确定的总预算来评价支出的最优性。
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引用次数: 0
The Weak Spot of Infrastructure BCA: Cost Overruns in Seven Road and Railway Construction Projects 基础设施BCA的薄弱环节:七个公路铁路建设项目的成本超支
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-08-03 DOI: 10.1017/bca.2022.10
J. Nilsson
This article describes the process from first proposals in the early 1990s to project completion many years later for seven large Swedish road and railway projects. The purpose is to find reasons for the massive cost overruns as well as explanations for why projects are brought to completion despite much higher costs than when the decision to build was made. Cost overruns are set in an institutional context to highlight the interplay among national, regional, and local policymakers. National investment programs are seen as promises by other parts of society, irrespective of whether project costs increase during the process toward procurement and implementation. Another aspect is that the infrastructure manager’s administrative framework currently makes it impossible to compare costs in contracts with final cost, meaning that there is no institutionalized learning process in place. Design preparations and the estimation of costs for new projects must therefore be done without an understanding of what has been working well in the implementation of previous projects. While Benefit-Cost Analysis (BCA) played no role in the planning of the seven projects, the article sends a stark warning that early cost estimates provide poor input for assessing project rate of return.
本文描述了瑞典七个大型公路和铁路项目从20世纪90年代初的首次提案到多年后的项目完成过程。其目的是寻找大规模成本超支的原因,并解释为什么项目在成本比决定建造时高得多的情况下完成。成本超支是在制度背景下设定的,以突出国家、地区和地方决策者之间的相互作用。国家投资计划被社会其他部分视为承诺,而不管项目成本在采购和实施过程中是否会增加。另一个方面是,基础设施管理人员的管理框架目前使得不可能将合同中的成本与最终成本进行比较,这意味着没有适当的制度化学习过程。因此,在进行新项目的设计准备和成本估算时,必须不了解以前项目的实施情况。虽然效益成本分析(BCA)在这七个项目的规划中没有发挥作用,但文章发出了一个严厉的警告,即早期的成本估算为评估项目回报率提供了糟糕的投入。
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引用次数: 2
Dynamic Versus Static Modeling of Mortality-Related Benefits of PM2.5 Reductions in the USA and Chile: 1990 to 2050 1990年至2050年美国和智利PM2.5减少对死亡率相关益处的动态与静态建模
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-05-10 DOI: 10.1017/bca.2022.5
H. Roman, J. Neumann, Stefani Penn, A. White, N. Fann
Economic and health benefits assessments of air quality changes often quantify and report changes in deaths at a given point in time. The typical approach uses a method that attributes air pollution-related health impacts to a single year air quality change (or “pulse”). The perspective on benefits from these static pulse analyses can be enhanced by conducting a dynamic population assessment using life tables. Such analyses can provide a richer characterization of health risks across a population over a multiyear time horizon. In this article, we use the life table approach to quantify cumulative counts of reductions in PM-attributable deaths and life-years gained due to overlapping impacts of PM2.5 changes over a multiyear period, using case studies of air quality improvements in the USA and Chile. Our comparison of health risk and economic valuation for the two approaches shows life table analysis can be a valuable adjunct analysis to the pulse approach though both come with their own set of uncertainties and limitations. If applied jointly, they provide a broader characterization of how air quality actions can change populations in terms of life-years lost, life expectancy, and age structure. The value of these metrics is illustrated using case studies with dramatically different air quality reduction trajectories.
对空气质量变化的经济和健康效益评估往往量化并报告某一特定时间点的死亡人数变化。典型的方法是将空气污染对健康的影响归结为一年的空气质量变化(或“脉冲”)。通过使用生命表进行动态人口评估,可以增强对这些静态脉冲分析的益处的看法。这类分析可以对多年时间范围内人群的健康风险提供更丰富的特征。在这篇文章中,我们使用生命表方法,通过对美国和智利空气质量改善的案例研究,量化了多年来由于PM2.5变化的重叠影响而导致的pm导致的死亡和寿命年减少的累积计数。我们对这两种方法的健康风险和经济评估的比较表明,生命表分析可以作为脉搏法的一种有价值的辅助分析,尽管这两种方法都有自己的一套不确定性和局限性。如果联合应用,它们可以更广泛地描述空气质量行动如何在寿命损失、预期寿命和年龄结构方面改变人口。这些指标的价值是用案例研究与显著不同的空气质量减少轨迹说明。
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引用次数: 1
The Broad Impacts of Disposable Lighter Safety Regulations 一次性打火机安全法规的广泛影响
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-05-02 DOI: 10.1017/bca.2022.6
W. Viscusi, R. Dalafave
The Consumer Product Safety Commission’s regulation of disposable lighters was targeted at preventing injuries due to use of lighters by children not over 4 years of age. Based on a difference-in-differences analysis of national data for 1990–2019, this article estimates that the regulation reduced all injuries to the target population by 71%, burn injuries by 74%, and injuries severe enough to warrant admission to the hospital by 85% overall and by 84% for burn injuries. Unlike the counterproductive performance of safety cap regulations, this safety device enhanced safety levels in the target population group. The safety improvements from lighter safety devices outweigh any lulling effect of viewing products as being “childproof.” The regulation had a broader safety impact beyond the target population group, as it also reduced all types of injuries by at least 50% for children in the 5–17 age groups. Total annual risk reduction benefits were $940–$1465 million. A benefit-cost analysis based on a retrospective assessment of the regulation finds a more favorable impact than was anticipated.
消费者产品安全委员会对一次性打火机的规定旨在防止4岁以下儿童因使用打火机而受伤。基于对1990-2019年国家数据的差异中差异分析,本文估计,该法规将目标人群的所有伤害减少了71%,烧伤减少了74%,严重到需要住院的伤害减少了85%,烧伤减少了84%。与安全帽规定的适得其反的表现不同,这种安全装置提高了目标人群的安全水平。更轻的安全装置带来的安全改进超过了将产品视为“儿童安全”的任何催眠效果。这项规定对安全的影响超出了目标人群,因为它还将5-17岁年龄组的儿童的所有类型的伤害减少了至少50%。每年减少风险的总收益为9.4亿至1.465亿美元。基于对该法规的回顾性评估的收益-成本分析发现,其影响比预期的更为有利。
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引用次数: 1
Time Savings vs. Access-Based Benefit Assessment of New York’s Second Avenue Subway 纽约第二大道地铁的时间节约与交通效益评估
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-04-08 DOI: 10.1017/bca.2022.3
Yadi Wang, D. Levinson
Abstract Under the current practice of benefit-cost analysis, the direct economic benefits produced by a newly built transit facility are assessed based on how it affects travel time and various costs that are associated with transport needs and travel behavior. However, the time-saving-based benefit calculation approach has been questioned and criticized. Given the strong correlation between accessibility and land value, we propose the access-based land value benefit assessment as an alternative, and apply this assessment method to analyzing the Second Avenue Subway project in Manhattan, New York. The primary principle of the access-based method is that the economic value of a transport project’s intangible gains is largely capitalized by nearby properties’ value appreciation, which is directly caused by improved transport accessibility. We find that: (i) the actual travel time saving is lower than originally forecast; (ii) a strong positive correlation between residential property value and job accessibility by transit is observed; (iii) the appreciation in sold property value and rented property value both far exceed total project cost; and (iv) such results support the decision to approve and construct the Second Avenue Subway.
摘要在当前效益成本分析的实践中,新建交通设施产生的直接经济效益是根据其对出行时间以及与交通需求和出行行为相关的各种成本的影响来评估的。然而,基于节省时间的效益计算方法受到了质疑和批评。鉴于可达性与土地价值之间存在较强的相关性,本文提出了基于可达性的土地价值效益评估方法,并将该评估方法应用于纽约曼哈顿地铁第二大道项目分析。基于可达性的方法的主要原则是,交通项目的无形收益的经济价值在很大程度上是由附近物业的价值增值资本化的,而这是由交通可达性的改善直接引起的。我们发现:(1)实际节省的出行时间低于最初的预测;(ii)观察到住宅物业价值与工作交通便利性之间存在很强的正相关关系;(三)物业出售及租赁增值均远超工程总成本;(iv)该等结果支持批准和建设第二大道地铁的决定。
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引用次数: 3
Prospective Evaluation of Health Communication Effects on Market Outcomes 健康传播对市场结果影响的前瞻性评估
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-04-08 DOI: 10.1017/bca.2022.1
Rosemarie L. Summers, D. Wood, Nellie Lew, S. Karns, M. Muth, C. Nardinelli, Janet G. Peckham, C. Wolff
Abstract Partial equilibrium models have been used extensively by policy makers to prospectively determine the consequences of government programs that affect consumer incomes or the prices consumers pay. However, these models have not previously been used to analyze government programs that inform consumers. In this paper, we develop a model that policy makers can use to quantitatively predict how consumers will respond to risk communications that contain new health information. The model combines Bayesian learning with the utility-maximization of consumer choice. We discuss how this model can be used to evaluate information policies; we then test the model by simulating the impacts of the North Dakota Folic Acid Educational Campaign as a validation exercise.
部分均衡模型被决策者广泛用于预测政府计划对消费者收入或消费者支付价格的影响。然而,这些模型以前并没有被用来分析向消费者提供信息的政府项目。在本文中,我们开发了一个模型,政策制定者可以用它来定量预测消费者对包含新健康信息的风险沟通的反应。该模型将贝叶斯学习与消费者选择的效用最大化相结合。我们讨论了如何使用该模型来评估信息策略;然后,我们通过模拟北达科他州叶酸教育运动的影响作为验证练习来测试模型。
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引用次数: 0
Categorizing and Ranking Graphs in Economics Research: The American Economic Review over the Last Century 经济学研究中的分类和排序图:上个世纪的美国经济评论
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-03-14 DOI: 10.1017/bca.2021.17
Jonathan A. Schwabish
Abstract How do economists use graphs, and do they use them well? Using Amazon’s Mechanical Turk, I provide evidence to these questions by exploring more than 2600 graphs published in the first issue of the American Economic Review from 1911 to 2017. I find that economists use a lot of line charts – more than 80% of the total sample are line charts. I also find that the share of graphs that use data (as opposed to diagrams) fell over the first half of the century and then increased from about the early 1980s to today, correlated with perceived graph quality.
经济学家是如何使用图表的,他们使用得好吗?我使用亚马逊的土耳其机器人,通过探索1911年至2017年第一期《美国经济评论》(American Economic Review)上发表的2600多张图表,为这些问题提供了证据。我发现经济学家使用了很多折线图——超过80%的样本是折线图。我还发现,使用数据(而不是图表)的图表的份额在本世纪上半叶下降,然后从20世纪80年代早期到今天有所增加,这与感知到的图表质量相关。
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引用次数: 0
Is California’s Electric Vehicle Rebate Regressive? A Distributional Analysis 加州电动汽车退税是累退的吗?A分布分析
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-03-11 DOI: 10.1017/bca.2022.2
A. L. Ku, J. Graham
Abstract Economic incentives are in widespread use to stimulate the development of the electric vehicle industry. However, the distributional effects of such incentives have been subject to little empirical inquiry. This study examines how California’s electric vehicle rebate program impacts different income groups financially. Two effects are considered: the income distribution of rebate beneficiaries and the income distribution of the rebate payers. The results reveal that the overall net financial impacts of the electric vehicle rebate program are regressive: the benefit distribution is highly regressive while the cost distribution is slightly progressive. Recent efforts to improve the fairness of the rebate program do not alter our findings. Policy implications are discussed.
经济激励被广泛用于刺激电动汽车产业的发展。然而,这种激励的分配效应很少受到实证调查。本研究考察了加州的电动汽车回扣计划如何影响不同收入群体的财务状况。考虑了两种影响:退税受益人的收入分配和退税支付者的收入分配。结果表明,电动汽车返利计划的总体净财务影响是递减的:收益分配是高度递减的,而成本分配是轻微渐进的。最近为提高退税计划的公平性所做的努力并没有改变我们的发现。讨论了政策影响。
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引用次数: 2
When Can Benefit–Cost Analyses Ignore Secondary Markets? 什么时候收益-成本分析可以忽略二级市场?
IF 3.4 4区 经济学 Q2 ECONOMICS Pub Date : 2022-03-01 DOI: 10.1017/bca.2022.22
Matthew J. Kotchen, Arik Levinson
Abstract We make four main contributions in this paper related to the theory and practice of benefit–cost analysis (BCA). First, we show that most BCAs of policy interventions do not consider the welfare consequences in secondary markets, where goods or services can be complements or substitutes to those in the directly regulated markets. Second, we provide a general theoretical analysis for examining the sign of welfare effects in secondary markets, showing how the results depend on the welfare measure of interest and on whether the goods are complements or substitutes. We conclude that the welfare effects in secondary markets will typically be negative in cases most relevant for policy analysis. Third, we develop a straightforward tool that BCA analysts can use to evaluate the potential magnitude of secondary-market effects in particular applications. The tool itself highlights how secondary markets are likely to be relatively small in most circumstances. Finally, we illustrate use of the tool in different applications that provide further evidence that secondary-market effects are likely to be small.
本文主要对效益成本分析(BCA)的理论与实践做了四个方面的贡献。首先,我们表明,大多数政策干预的bca没有考虑二级市场的福利后果,在二级市场中,商品或服务可以补充或替代直接监管市场中的商品或服务。其次,我们为检验二级市场福利效应的迹象提供了一般的理论分析,表明结果如何取决于利益的福利度量以及商品是互补还是替代。我们的结论是,在与政策分析最相关的情况下,二级市场的福利效应通常是负面的。第三,我们开发了一个简单的工具,BCA分析师可以用它来评估特定应用中二级市场影响的潜在幅度。该工具本身突显出二级市场在大多数情况下可能相对较小。最后,我们举例说明了该工具在不同应用中的使用,进一步证明二级市场的影响可能很小。
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引用次数: 0
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Journal of Benefit-Cost Analysis
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