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National Drug Control Strategy
Update 2003
February 2003
Table 34. The Lifetime Costs of Dropping Out of High School (1993 $)
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Total
costs
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Present
value (2% discount rate)
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Present
value (10% discount rate)
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|
Lost wage/productivity |
$360,000
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$186,500
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$15,300
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Fringe benefits |
$90,000
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$46,600
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$3,800
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Nonmarket losses |
$113,000–450,000
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$58,300–233,200
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$4,900–19,200
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Total
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$563,000–900,000
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$291,000–466,000
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$24,000–38,300
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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: May 7, 2003
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