Scars of Pandemics from Lost Schooling and Experience: Aggregate Implications and Gender Differences Through the Lens of COVID-19

Remi Jedwab, Roberto Samaniego (), Paul Romer and Asif Islam
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Paul Romer: NYU Stern

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: Pandemic shocks disrupt human capital accumulation through schooling and work experience. This study quantifies the long-term economic impact of these disruptions in the case of COVID-19, focusing on countries at different levels of development and using returns to education and experience by college status that are globally estimated using 1,084 household surveys across 145 countries. The results show that both lost schooling and experience contribute to significant losses in global learning and output. Developed countries incur greater losses than developing countries, because they have more schooling to start with and higher returns to experience. The returns to education and experience are also separately estimated for men and women, to explore the differential effects by gender of the COVID-19 pandemic. Surprisingly, while we uncover gender differences in returns to education and schooling, gender differences in the impact of COVID-19 are small and short-lived, with a loss in female relative income of only 2.5 percent or less mainly due to the greater severity of the employment shock on impact. These findings might challenge some of the ongoing narratives in policy circles. The methodology employed in this study is easily implementable for future pandemics.

Keywords: Pandemics; Human Capital; Returns to Education; Returns to Experience; Gender; Female Relative Income; Labor Markets; Development Accounting; COVID-19 (search for similar items in EconPapers)
JEL-codes: E24 J11 J16 J17 J31 O11 O12 O15 (search for similar items in EconPapers)
Pages: 65 pages
Date: 2022-02
New Economics Papers: this item is included in nep-his, nep-lab and nep-mac
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Scars of Pandemics from Lost Schooling and Experience: Aggregate Implications and Gender Differences Through the Lens of COVID-19 (2022)
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