tailieunhanh - The High Cost of High School Dropouts: What the Nation Pays for Inadequate High Schools

A number of studies explore whether pre-tax income changes in response to tax policy. Pre-tax income would change if households alter their real economic behavior (., their actual behavior, such as working hours, rather than changes made only on paper) or if they pursue tax-avoidance strategies, such as sheltering income offshore. The literature on this issue suggests that households do pursue some tax avoidance strategies in light of changes in their tax rates, rather than alter their real economic behavior. But this tax avoidance is limited to the very top of the income distribution: the top percent. Most of. | The High Cost of High School Dropouts What the Nation Pays for Inadequate High Schools Every school day nearly 7 000 students become dropouts. Annually that adds up to about million students who will not graduate from high school with their peers as Lacking a high school diploma these individuals will be far more likely than graduates to spend their lives periodically unemployed on government assistance or cycling in and out of the prison system. Most high school dropouts see the result of their decision to leave school very clearly in the slimness of their wallets. The average annual income for a high school dropout in 2009 was 19 540 compared to 27 380 for a high school graduate a difference of 7 The impact on the country s economy is less visible but cumulatively its effect is staggering. If the nation s secondary schools improved sufficiently to graduate all of their students rather than the 72 percent of students who currently graduate annually 3 the payoff would be significant. For instance if the students who dropped out of the Class of 2011 had graduated the nation s economy would likely benefit from nearly 154 billion in additional income over the course of their lifetimes. Source . Department of Education 2011 Everyone benefits from increased graduation rates. The graduates themselves on average will earn higher wages and enjoy more comfortable and secure lifestyles. At the same time the nation benefits from their increased purchasing power collects higher tax receipts and sees higher levels of worker productivity. Economic Recession More Likely to Impact High School Dropouts Not only do employed high school dropouts earn less than employed high school graduates high school dropouts are much more likely to be unemployed during economic downturns. Since the economic recession began in December 2007 the national unemployment rate has gone from 5 percent to percent in August 1201 Connecticut Avenue NW Suite 901 Washington