全球智库信息集成服务系统(G2TT): DP15227 The Long-Term Distributional and Welfare Effects of Covid-19 School Closures

G2TT

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.