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The Long-Term Distributional and Welfare Effects of Covid-19 School Closures

Dados Bibliográficos

ID9704912
AutoresNicola Fuchs-Schündeln (Goethe Universität Frankfurt , Germany), Nicola Fuchs‐Schündeln (0000-0002-0941-0167, Goethe University Frankfurt, autor correspondente), Dirk Krueger (0000-0002-0740-9197, University of Pennsylvania), Alexander Ludwig (0000-0003-3362-3469, Goethe Universität Frankfurt , Germany), Irina Popova (0000-0001-9965-9902, Goethe Universität Frankfurt , Germany)
Ano2022
Volume132
Fascículo645
Páginas1647-1683
Data de publicação2022-06-17
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (PUBLISHER • GB)
DOI10.1093/ej/ueac028
OpenAlexW3147607496
IdiomaEN
Citações recebidas13
Referências citadas29

Using a structural life-cycle model, we quantify the heterogeneous 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 characterise the long-term consequences from a COVID-19-induced loss of schooling, and find average losses in the present discounted value of lifetime earnings of the affected children of $2.1\%$, as well as welfare losses equivalent to about $1.2\%$ of permanent consumption. Because of self-productivity in the human capital production function, younger children are hurt more by the school closures than older children. The negative impact of the crisis on children’s welfare is especially severe for those with parents with low educational attainment and low assets

Consumption (sociology · Demographic economics · Earnings · Economic growth · Economics · Educational attainment · Human capital · Investment (military · Labour economics · Macroeconomics · Production (economics · Production function · Productivity · Sociology · Welfare · COVID-19 Pandemic Impacts · Financial Literacy, Pension, Retirement Analysis · Income, Poverty, and Inequality

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Obras citantes distintas13
Citações por ano4,33
Intervalo de citações2023 - 2026 (4)
Velocidade de citaçãocurrent
Altamente citadoNão
Tipos de citaçãoNeutras: 13
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