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The estimated effect changes, however, to a lower risk of early school leaving after an initial period, and then changes again to a higher risk after 6 years.
Early school leaving is often correlated to bad school performance.
Early tracking may affect early school leaving for two reasons.
What are the individual and social costs of early school leaving?
unemployment and health are key ingredients in the cost of early school leaving.
include the risk of unemployment as a key ingredient of the cost of early school leaving.
Early school leaving typically reduces lifetime earnings and leads to higher unemployment incidence and duration.
Apart from equity arguments, government interventions aimed at reducing early school leaving can be justified by efficiency considerations.
7For the US, the welfare costs of early school leaving are estimated in Waldfogel et al. 2007.
Economic policies addressing early school leaving can be justified with equity and/or efficient arguments (see Moretti 2006).
The costs of early school leaving are private, fiscal and social (see Belfield 2008, and Psacharopoulos 2007).
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