G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15227
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
URLhttps://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.
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