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Assessing the economic costs of high school noncompletion

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  • Mark Thompson

Abstract

Disparities in educational attainment exist across states. There are costs, both to the individual and society, associated with low levels of educational attainment. This research estimates the costs of high school noncompletion in terms of income loss for each state. The results suggest that: 1) there are substantial economic costs associated with high school noncompletion ($727 billion in lost income nationally); 2) costs vary widely across states; and 3) in general, states with relatively low levels of per capita expenditures on education incur the greatest losses in income from high school noncompletion. Copyright Springer 1998

Suggested Citation

  • Mark Thompson, 1998. "Assessing the economic costs of high school noncompletion," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 22(2), pages 109-117, June.
    • Handle: RePEc:spr:jecfin:v:22:y:1998:i:2:p:109-117
    DOI: 10.1007/BF02771481
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    References listed on IDEAS

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    1. Psacharopoulos, George, 1994. "Returns to investment in education: A global update," World Development, Elsevier, vol. 22(9), pages 1325-1343, September.
    2. Ashenfelter, Orley & Krueger, Alan B, 1994. "Estimates of the Economic Returns to Schooling from a New Sample of Twins," American Economic Review, American Economic Association, vol. 84(5), pages 1157-1173, December.
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    Cited by:

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    2. Volker Meier & Gabriela Schütz, 2007. "The Economics of Tracking and Non-Tracking," ifo Working Paper Series 50, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Ray, Rita, 2015. "STEM Education and Economic Performance in the American States," MPRA Paper 65511, University Library of Munich, Germany.

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