Authors: Christopher T. King, Ying Tang, Tara Carter Smith, and Daniel G. Schroeder; with assistance from Burt S. Barnow
Date: August 2008
Publication Type: Report, 50pp.
This report provides state-level estimates of the return on investment (ROI) for comprehensive workforce services delivered through local workforce boards in Texas. The Texas Association of Workforce Boards (TAWB), the statewide association of workforce board chairs and directors, initiated and supported the Ray Marshall Center in conducting this analysis, which improves upon earlier Center efforts in a number of important respects. This analysis:
- Estimates ROI based directly on quasi-experimental impacts on employment, earnings, welfare and Unemployment Insurance (UI) claims;
- Presents ROI estimates from the perspectives of participants and society as well as of taxpayers;
- Relies on certified expenditure data from the Texas Workforce Commission (TWC); and
- Provides both conventional ROI measures as annualized internal rates of return (IRR), as well as overall investment returns for the period.