Later School Start Times in the U.S., An Economic Analysis
Later school start times are associated with great economic benefits, the study shows.
From the study's summary:
Using a novel macroeconomic modelling approach, the study estimates changes in the economic performance of 47 U.S. states following a delayed school start time, which includes the benefits of higher academic performance of students and reduced car crash rates. The benefit-cost projections of this study suggest that delaying school start times is a cost-effective, population-level strategy which could have a significant impact on public health and the U.S. economy. From a policy perspective, the study’s findings demonstrate the significant economic gains resulting from the delay in school start times over a relatively short period of time following the adoption of the policy change.
The study suggested that the benefits of later start times far out-weigh the immediate costs. Even after just two years, the study projects an economic gain of $8.6 billion to the U.S. economy, which would already outweigh the costs per student from delaying school start times to 8:30 a.m.
After a decade, the study showed that delaying schools start times would contribute $83 billion to the U.S. economy, with this increasing to $140 billion after 15 years. During the 15 year period examined by the study, the average annual gain to the U.S. economy would about $9.3 billion each year.