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.
|
|||
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