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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15227 |
DP15227 The Long-Term Distributional and Welfare Effects of Covid-19 School Closures | |
Nicola Fuchs-Schündeln; Dirk Krueger; Alexander Ludwig; Irina Popova | |
发表日期 | 2020-08-30 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Using a structural life-cycle model, we quantify the long-term impact of school closures during the Corona crisis on children affected at different ages and coming from households with different parental characteristics. In the model, public investment through schooling is combined with parental time and resource investments in the production of child human capital at different stages in the children's development process. We quantitatively characterize both the long-term earnings consequences on children from a Covid-19 induced loss of schooling, as well as the associated welfare losses. Due to self-productivity in the human capital production function, skill attainment at a younger stage of the life cycle raises skill attainment at later stages, and thus younger children are hurt more by the school closures than older children. We find that parental reactions reduce the negative impact of the school closures, but do not fully offset it. The negative impact of the crisis on children's welfare is especially severe for those with parents with low educational attainment and low assets. The school closures themselves are primarily responsible for the negative impact of the Covid-19 shock on the long-run welfare of the children, with the pandemic-induced income shock to parents playing a secondary role. |
主题 | Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Public Economics |
关键词 | Covid-19 School closures Inequality Intergenerational persistence |
URL | https://cepr.org/publications/dp15227 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544201 |
推荐引用方式 GB/T 7714 | Nicola Fuchs-Schündeln,Dirk Krueger,Alexander Ludwig,et al. DP15227 The Long-Term Distributional and Welfare Effects of Covid-19 School Closures. 2020. |
条目包含的文件 | 条目无相关文件。 |
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