Overview of WSIPP’s Benefi t-Cost Model

The numbers on the site represent the present value of a lifetime of changes resulting from the program. [...] “Indirect benefits” includes estimates of the changes in the value of a statistical life and changes in the deadweight costs of taxation. [...] “Net program costs” are the costs of the program to the government compared to services the government typically offers. [...] The present value of the net program costs is displayed as the cost of the comparison minus the cost of the program. [...] A Board of Directors—representing the legislature, the governor, and public universities—governs WSIPP and guides the development of all activities.