This paper calculates the economic consequences for the state of New York from failing to ensure that all students graduate from high school. The analyses in this report indicate that there are substantial economic benefits from raising the rate of high school graduation for New York state. These benefits can therefore be interpreted as the maximum amount that could be spent by federal and state/local governments on educational programs to improve the graduation rate.
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Belfield, Clive R., "The Costs of Inadequate Education for New York State" (2007). Policy Documents. 14.