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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

$113,000450,000

$58,300233,200

$4,90019,200

Total

$563,000900,000

$291,000466,000

$24,00038,300

Note: Numbers may not add to totals due to rounding.

Source: Cohen, Mark, The Monetary Value of Saving a High Risk Youth (1995).




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Last Updated: July 9, 2002