| Abstract: | Social programs have a wide variety of effects and often have the explicit objective of improving the economic status of the people they serve. In order to be useful to policymakers, benefit—cost analysis of social programs should explicitly take account of these two important program features. The approach used in this analysis of the benefits and costs of the Job Corps does this and provides a useful methodology for evaluating other social programs. According to the analysis, the program has substantial net value for society as a whole as well as for the average Corpsmember. |
