|
DRUG USE
Table 12. The Lifetime Costs of Dropping Out of High School (1993 $)
|
Total costs
|
Present value
(2% discount rate)
|
Present value
(10% discount rate)
|
|
Lost wage/productivity
|
$360,000
|
$186,500
|
$15,300
|
|
Fringe benefits
|
$90,000
|
$46,600
|
$3,800
|
|
Nonmarket losses
|
$113,000–450,000
|
$58,300–233,200
|
$4,900–19,200
|
|
Total
|
$563,000–900,000
|
$291,000–466,000
|
$24,000–38,300
|
Note: Numbers may not add to totals due to rounding.
Source: Cohen, Mark, The Monetary Value of Saving a High Risk Youth (1995).
|
