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

Nicola Fuchs-Schünde, Dirk Krueger, Alexander Ludwig and Irina Popova

The Economic Journal, 2022, vol. 132, issue 645, 1647-1683

Abstract: 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 , as well as welfare losses equivalent to about 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.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1093/ej/ueac028 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Long-Term Distributional and Welfare Effects of Covid-19 School Closures (2020)
Working Paper: The Long-Term Distributional and Welfare Effects of COVID-19 School Closures (2020)
Working Paper: The Long-Term Distributional and Welfare Effects of Covid-19 School Closures (2020)
Working Paper: The Long-Term Distributional and Welfare E?ects of Covid-19 School Closures (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:econjl:v:132:y:2022:i:645:p:1647-1683.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Economic Journal is currently edited by Francesco Lippi

More articles in The Economic Journal from Royal Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press () and ().