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National Drug Control Strategy
Update 2003

February 2003

Table 34. 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).


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Last Updated: May 7, 2003