Scars of Pandemics from Lost Schooling and Experience: Aggregate Implications and Gender Differences through the Lens of COVID-19
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 colleg...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
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| Schlagworte: | |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | 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 the study uncovers 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 |
| Beschreibung: | 1 Online-Ressource (68 Seiten) |
| DOI: | 10.1596/1813-9450-9932 |
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| 520 | 3 | |a 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 the study uncovers 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 | |
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| 650 | 4 | |a Returns To Experience | |
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| 700 | 1 | |a Jedwab, Remi |e Sonstige |4 oth | |
| 700 | 1 | |a Romer, Paul |e Sonstige |4 oth | |
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| spellingShingle | Samaniego, Roberto Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 Coronavirus COVID-19 Economics of Education Education Female Relative Income Gender Gender and Development Gender and Education Gender Pay Gap Health, Nutrition and Population Human Capital Labor Markets Lost Schooling Pandemic Impact Returns To Education Returns To Experience |
| title | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 |
| title_auth | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 |
| title_exact_search | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 |
| title_exact_search_txtP | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 |
| title_full | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 Roberto Samaniego |
| title_fullStr | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 Roberto Samaniego |
| title_full_unstemmed | Scars of Pandemics from Lost Schooling and Experience Aggregate Implications and Gender Differences through the Lens of COVID-19 Roberto Samaniego |
| title_short | Scars of Pandemics from Lost Schooling and Experience |
| title_sort | scars of pandemics from lost schooling and experience aggregate implications and gender differences through the lens of covid 19 |
| title_sub | Aggregate Implications and Gender Differences through the Lens of COVID-19 |
| topic | Coronavirus COVID-19 Economics of Education Education Female Relative Income Gender Gender and Development Gender and Education Gender Pay Gap Health, Nutrition and Population Human Capital Labor Markets Lost Schooling Pandemic Impact Returns To Education Returns To Experience |
| topic_facet | Coronavirus COVID-19 Economics of Education Education Female Relative Income Gender Gender and Development Gender and Education Gender Pay Gap Health, Nutrition and Population Human Capital Labor Markets Lost Schooling Pandemic Impact Returns To Education Returns To Experience |
| url | https://doi.org/10.1596/1813-9450-9932 |
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