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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 |
$113,000450,000
|
$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: May 7, 2003
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