The long-term distributional and welfare effects of Covid-19 school closures.

Autor/inn/en	Fuchs-Schündeln, Nicola; Krueger, Dirk; Ludwig, Alexander; Popova, Irina
Titel	The long-term distributional and welfare effects of Covid-19 school closures.
Quelle	Philadelphia, PA: Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020), ca. 54 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	PIER working paper. 20, 032
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Bildungserfolg; Längsschnittuntersuchung; Quantitative Forschung; Soziale Ungleichheit; Kompetenzerwerb; Soziale Herkunft; Bildungssystem; Eltern; Schule; Schulverwaltung; Elterninitiative; Schüler; Pandemie; Bildungsinvestition; Einkommen; Finanzierung; Wohlstand; Krise; Modell; Verteilung; Wirkung; USA
Abstract	Using a structural life-cycle model, [the authors] 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. [The authors] 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. [The authors] 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. (DIPF/Orig.).
Erfasst von	DIPF \| Leibniz-Institut für Bildungsforschung und Bildungsinformation, Frankfurt am Main
Update	2021/4