THE LONG-TERM DISTRIBUTIONAL AND WELFARE EFFECTS OF COVID-19 SCHOOL CLOSURES

• 成果类型: Article
• 署名作者: Fuchs-Schuendeln, Nicola; Krueger, Dirk; Ludwig, Alexander; Popova, Irina
• 署名单位: Goethe University Frankfurt; Centre for Economic Policy Research - UK; University of Pennsylvania; National Bureau of Economic Research
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/ueac028
• 发表日期: 2022
• 页码: 1647-1683
• 关键词: instruction time; education; TECHNOLOGY; earnings; taxation; IMPACT

摘要

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.