Benefit-cost analysis was conducted to estimate the increase in earnings, increased tax revenues, value of less crime, and reductions in welfare costs attributable to nationwide implementation of rapid assessment, a promising intervention for raising student achievement in math and reading. Results suggest that social benefits would exceed total…

The focus in this book is on steering a course between rigorous definitions and theory and applied attempts to measure costs and benefits in the real world. As an introduction to the concepts underlying cost-benefit analysis, this volume is well-written and comprehensive for a book of its length. (SLD)