Modeling the Economic Effects of Increased Drop-out Rates from High School

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dc.contributor.authorDixon, Peter B.
dc.contributor.authorRimmer, Maureen T.
dc.contributor.authorFarrow, Scott
dc.date.accessioned2021-10-20T15:26:11Z
dc.date.available2021-10-20T15:26:11Z
dc.date.issued2021-09-02
dc.description.abstractWith Covid, high-school students are having difficulty staying in school. We present a dynamic model of the effects of increased drop-out rates. The model accounts for labor productivity, crime costs and high-school savings. We simulate a 25 per cent increase in drop-out rates occurring in the two years starting September 2019, with a gradual return to pre-Covid rates in 2025. Our results show a loss of 597,000 high-school graduations from cohorts entering high-school in 2016-2024. The present-value cost is between $42 and $137 billion, depending on discount rates. These results support investment in high-school retention policies through the Covid crisis.en
dc.description.urihttps://www.copsmodels.com/ftp/workpapr/g-321.pdfen
dc.format.extent15 pagesen
dc.genreresearch papersen
dc.identifierdoi:10.13016/m25jb6-lkfc
dc.identifier.citationDixon, Peter B.; Rimmer, Maureen T.; Farrow, Scott; Modeling the Economic Effects of Increased Drop-out Rates from High School; CoPS Working Paper No. G-321, 2 September 2021; https://www.copsmodels.com/ftp/workpapr/g-321.pdfen
dc.identifier.urihttp://hdl.handle.net/11603/23132
dc.language.isoenen
dc.publisherCentre of Policy Studiesen
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC Economics Department Collection
dc.relation.ispartofUMBC Faculty Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.en
dc.subjectcovid and high-school drop-out ratesen
dc.subjectdynamic model of student numbersen
dc.subjecteducational attainment of workforceen
dc.subjectcost of reduced high-school graduation ratesen
dc.titleModeling the Economic Effects of Increased Drop-out Rates from High Schoolen
dc.typeTexten

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