A cost-benefit analysis of transitional services for emancipating foster youth
Over 24,000 youth "aged out" of the nation's foster care system in FY 2005. While independent living programs and other services are available to foster youth, and almost all states allow dependency courts to retain jurisdiction of foster youth beyond age 18, outcomes for former foster youth are disturbing. This paper describes a program to address these challenges by providing extended foster care benefits and support to former foster youth from their 18th to 23rd birthdays. A detailed cost-benefit methodology documents expected costs and key benefits of the program. According to this cost-benefit analysis, a program providing funding and guardian support for former foster youth is projected to result in net benefits to the State of California over the 40-year careers of participating former foster youth. The program, if successful for all youth, would increase lifetime earnings and taxes paid due to increased education and would lower use of TANF and prison, resulting in a benefit-cost ratio of 1.5 to 1, using discounted present value dollars. Even at 75% success, the ratio is 1.2 to 1, showing a net benefit to society. This methodology can also be used to assess the costs and benefits of similar programs.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Melissa Clark & David Jaeger, 2006.
"Natives, the foreign-born and high school equivalents: new evidence on the returns to the GED,"
Journal of Population Economics,
Springer, vol. 19(4), pages 769-793, October.
- Melissa A. Clark & David Jaeger, 2002. "Natives, the Foreign-Born and High School Equivalents: New Evidence on the Returns to the GED," Working Papers 841, Princeton University, Department of Economics, Industrial Relations Section..
- Clark, Melissa A. & Jaeger, David A., 2002. "Natives, the Foreign-Born and High School Equivalents: New Evidence on the Returns to the GED," IZA Discussion Papers 477, Institute for the Study of Labor (IZA).
- Foster, E. Michael & Holden, E. Wayne, 2002. "Benefit-Cost Analyses of the Child Welfare Demonstration Projects: Understanding the Resource Implications of the IV-E Waivers," Children and Youth Services Review, Elsevier, vol. 24(6-7), pages 431-453.
- Pecora, Peter J. & Kessler, Ronald C. & O'Brien, Kirk & White, Catherine Roller & Williams, Jason & Hiripi, Eva & English, Diana & White, James & Herrick, Mary Anne, 2006. "Educational and employment outcomes of adults formerly placed in foster care: Results from the Northwest Foster Care Alumni Study," Children and Youth Services Review, Elsevier, vol. 28(12), pages 1459-1481, December.
When requesting a correction, please mention this item's handle: RePEc:eee:cysrev:v:30:y:2008:i:11:p:1267-1278. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.