ERIC Number: ED506828
Record Type: Non-Journal
Publication Date: 2009-Sep-18
Reference Count: N/A
The Economic Benefits of Reducing High School Dropout Rates in the New York City Metro Area
Alliance for Excellent Education
In an effort to better understand the various economic benefits that a particular urban area could expect were it to reduce its number of high school dropouts, the Alliance for Excellent Education, with the generous support of State Farm[R], has developed a sophisticated economic model in partnership with Economic Modeling Specialists Inc. The model allows various economic projections to be made for the forty-five largest U.S. Census-defined metropolitan statistical areas (MSA), which consist of both a central urban area and the surrounding geographic area that has strong social and economic ties to that city. The projections for economic benefits are estimated using graduation rates calculated by Editorial Projects in Education for all public school districts located within a metropolitan area. As demonstrated in this document, if the New York City metro area were to reduce by 50 percent the number of students who fail to graduate with their class, it could enjoy the following benefits: (1) Total additional wages in an average year: Nearly $500 million; (2) Percentage of new high school graduates who continue their education after high school: 53 percent; and (3) Total new homeowners: 14,000.
Descriptors: Metropolitan Areas, Educational Benefits, Economic Impact, High Schools, Dropouts, Graduation Rate, Public Schools, High School Graduates, Wages, Human Capital, Ownership, Housing
Alliance for Excellent Education. 1201 Connecticut Avenue NW Suite 901, Washington, DC 20036. Tel: 202-828-0828; Fax: 202-828-0821; Web site: http://www.all4ed.org
Publication Type: Reports - Evaluative
Education Level: High Schools; Secondary Education
Authoring Institution: Alliance for Excellent Education, Washington, DC.
Identifiers - Location: New York