Panel Paper:
A Cost-Benefit Analysis of a College Career Pathways Program: Considering Estimation Issues
*Names in bold indicate Presenter
The results show that per-student net student benefits were positive for three of the four AO states. However, only one state achieved positive net social benefits from AO.
The direction of the results is not highly sensitive to specification decisions because benefits were low, but these decisions do change the point estimates substantially. The issues we faced include: collecting accurate data on costs – especially the valuation of time spent by program personnel who would have otherwise held the same positions with the same general duties, projecting the trajectory of benefits using a decay rate, the treatment of participant cohorts, the selection of a discount rate to value future benefits in present dollars, and valuing intangible benefits that do not manifest in labor market outcomes in the observed period.
This presentation will share the methods and findings from this CBA with an eye to these five technical issues. It will demonstrate how different approaches affect the results and share the rationale for the decisions made in this case.
Full Paper: