Table 13

Cost–Benefit Analysis, State A

			Net Benefit per Participant
			$3,000 Direct Costs		$9,000 Direct Costs
Benefit Duration	MSCPF	Annual Discount Rate	Adult	Dislocated	Adult	Dislocated
As long as in the data	1.00	0.00	−2,275	−9,707	−8,275	−15,707
	1.00	0.05	−2,466	−9,536	−8,466	−15,536
	1.00	0.10	−2,649	−9,370	−8,649	−15,370
	1.25	0.00	−3,025	−10,457	−10,525	−17,957
	1.25	0.05	−3,216	−10,286	−10,716	−17,786
	1.25	0.10	−3,399	−10,120	−10,899	−17,620
	1.50	0.00	−3,775	−11,207	−12,775	−20,207
	1.50	0.05	−3,966	−11,036	−12,966	−20,036
	1.50	0.10	−4,149	−10,870	−13,149	−19,870
5 years	1.00	0.00	610	−10,952	−5,390	−16,952
	1.00	0.05	−54	−10,576	−6,054	−16,576
	1.00	0.10	−652	−10,232	−6,652	−16,232
	1.25	0.00	−140	−11,702	−7,640	−19,202
	1.25	0.05	−804	−11,326	−8,304	−18,826
	1.25	0.10	−1,402	−10,982	−8,902	−18,482
	1.50	0.00	−890	−12,452	−9,890	−21,452
	1.50	0.05	−1,554	−12,076	−10,554	−21,076
	1.50	0.10	−2,152	−11,732	−11,152	−20,732
Indefinite	1.00	0.00	+inf	–inf	+inf	–inf
	1.00	0.05	22,267	−20,207	16,267	−26,207
	1.00	0.10	7,865	−13,907	1,865	−19,907
	1.25	0.00	+inf	–inf	+inf	–inf
	1.25	0.05	21,517	−20,957	14,017	−28,457
	1.25	0.10	7,115	−14,657	−385	−22,157
	1.50	0.00	+inf	–inf	+inf	–inf
	1.50	0.05	20,767	−21,707	11,767	−30,707
	1.50	0.10	6,365	−15,407	−2,635	−24,407

Source: Authors’ calculations from WIA and LEHD data.
Notes: Estimates are drawn from Table 6. With an annual discount rate of 0.00, the benefits under the assumption of indefinite benefit duration become infinite, whether positive (“+inf”) or negative (“–inf”). Costs are assumed to entirely occur in the first quarter after WIA registration. MSCPF is the marginal social cost of public funds.