FranklinProject_EconomicValue_final
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FranklinProject_EconomicValue_final
Clive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finalation with Voices for National Service and Civic Enterprises for the Franklin Project at The Aspen Institute.T1 IE ASPEN] INSTITUTEFRANKLINPROJEGTSUMMARYNational ServiceService - intensive and formal programs to support communities - is an important commitment to the nation's social well-being. It a FranklinProject_EconomicValue_finallso has important economic consequences. Communities with more extensive service initiatives have better civic infrastructure, stronger labor markets,FranklinProject_EconomicValue_final
and more human and social capital. The initial benefit - services provided - leads to future benefits as participants build skills and move toward ecClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finale programs by youth and seniors. For youth, there are several formal and intensive service programs.The main program is AmeriCorps (State and National, VISTA, and the National Civilian Community Corps), which is funded through the Corporation for National and Community Service (CNCS). AmeriCorps pro FranklinProject_EconomicValue_finalvides support for many well-known programs, such as City Year, YouthBuild and Teach for America; and there are other service programs such as NationalFranklinProject_EconomicValue_final
Guard Youth ChalleNGe. These programs perform a vital service in giving youth productive competencies, human capital, and social skills, while at theClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finalrgest program is Senior Corps (including RSVP, the Foster Grandparent program, and the Senior Companion Program), which is also funded by CNCS. Seniors perform important tasks as senior companions and foster grandparents, as well as make significant contributions to their local community.Currently, FranklinProject_EconomicValue_finalthere are approximately 125,750 individuals (full-time equivalents) in these formal national service programs. We calculate that the annual social invFranklinProject_EconomicValue_final
estment needed to ensure these individuals can serve totals $2.0 billion. This amount includes government funding and contributions from all other souClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_final equivalent) volunteers in less formal service roles and total charitable spending across the U.S. is over $300 billion. At present, national service programs are only a small fraction of overall volunteering but the passage of the Edward M. Kennedy Serve America Act of 2009 means there is considera FranklinProject_EconomicValue_finalble scope for expansion of national service programs.• i •The impact of the Serve America Act will depend on the economic value that national serviceFranklinProject_EconomicValue_final
creates. Existing research suggests that the economic benefits of national service are greater than its costs. But these studies are conservative estiClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finalational service using current data and including a wider array of gains across a range of different programs. We use national datasets and existing studies of the association between service, education, and long-term impacts to calculate the economic value of national service programs.National Servi FranklinProject_EconomicValue_finalce by YouthWe estimate national service by youth at 80,450 member service years annually. This total covers the three AmeriCorps programs, including YFranklinProject_EconomicValue_final
outhBuild, Teach for America, and National Guard Youth ChalleNGe. The total social cost of youth national service - including federal funding, matchedClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finalt produced and the longer-term gains from greater human and social capital - is $6.5 billion. For society, the benefit of national youth service is 3.95 times greater than the cost.Figure ES1National Service by Youth: Costs and BenefitsFor the taxpayer, the commitment to national service programs fo FranklinProject_EconomicValue_finalr youth -including federal funding and matched funding from other public sources - is $1.1 billion annually. Over the long term, the taxpayer recoupsFranklinProject_EconomicValue_final
- in terms of higher tax• ii •revenues from increased output and productivity and lower spending on social programs - an estimated $2.5 billion. The nClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finaltional Service by SeniorsFor seniors, we estimate 45,300 full-time equivalent years of national service. In population numbers, over 350,000 seniors participate in national service, but most do so part-time. As well as providing important services to their community, these participants improve their FranklinProject_EconomicValue_final financial security and obtain boosts in health status from volunteering.Figure ES2National Service by Seniors: Costs and BenefitsThe total social invFranklinProject_EconomicValue_final
estment in national service senior programs - including federal and matched spending and the tax burden - is $0.4 billion; the social benefits -includClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_final, at $1.4 billion (see Figure ES2).The social benefits of participation in national service programs by seniors are therefore $1 billion greater than the costs (or almost four times as large). The returns to taxpayers from these programs are also substantial: many seniors participate in programs to FranklinProject_EconomicValue_finalhelp struggling readers and these services generate economic value over the long-term in raising tax revenues and lowering government spending. The taFranklinProject_EconomicValue_final
xpayer costs of national service programs for seniors are $0.2 billion; the taxpayer benefits are $0.4 billion (see Figure ES2). Overall, every tax doClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_finalce by youth and seniors is significant - both for broader society and the taxpayer. Across the 125,750 full-time equivalent national service members annually, the total social cost is $2.0 billion and the total social benefit is $7.9 billion (Figure ES3).The benefit-cost ratio is 3.9: for every doll FranklinProject_EconomicValue_finalar invested in the network of national service programs currently operating, there is a social return of almost four dollars.The returns to the taxpayFranklinProject_EconomicValue_final
er are also substantial. In the aggregate, total taxpayer spending on national service is $1.36 billion; the total benefits from this investment for tClive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associa FranklinProject_EconomicValue_final dollars is returned in taxpayer savings.Clive BelfieldCenter for Benefit-Cost Studies in Education Teachers College, Columbia UniversityV The[Economic ValueofNationalk Service41518In associaGọi ngay
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