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_US
dc.description.urihttps://www.copsmodels.com/ftp/workpapr/g-321.pdfen_US
dc.format.extent15 pagesen_US
dc.genreresearch papersen_US
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_US
dc.identifier.urihttp://hdl.handle.net/11603/23132
dc.language.isoen_USen_US
dc.publisherCentre of Policy Studiesen_US
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_US
dc.subjectcovid and high-school drop-out ratesen_US
dc.subjectdynamic model of student numbersen_US
dc.subjecteducational attainment of workforceen_US
dc.subjectcost of reduced high-school graduation ratesen_US
dc.titleModeling the Economic Effects of Increased Drop-out Rates from High Schoolen_US
dc.typeTexten_US

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