Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel:
This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated to...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2022
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1729 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated to range between 0.4% and 2.1% after 45 years, for 12 weeks and 2 years of school closure, respectively. These results appear to be broadly consistent with earlier findings in the literature. Two opposing effects might influence these estimates. Online teaching would lower economic costs while learning losses in tertiary education (not considered here) would inflate them. Policies aimed at improving the quality of education and adult training will be needed to offset or, at least, alleviate the impact of the pandemic on human capital. |
| Beschreibung: | 1 Online-Ressource (22 p.) 21 x 28cm. |
| DOI: | 10.1787/eea048c5-en |
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| 520 | |a This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated to range between 0.4% and 2.1% after 45 years, for 12 weeks and 2 years of school closure, respectively. These results appear to be broadly consistent with earlier findings in the literature. Two opposing effects might influence these estimates. Online teaching would lower economic costs while learning losses in tertiary education (not considered here) would inflate them. Policies aimed at improving the quality of education and adult training will be needed to offset or, at least, alleviate the impact of the pandemic on human capital. | ||
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| spelling | de la Maisonneuve, Christine VerfasserIn aut Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel Christine, de la Maisonneuve, Balázs, Égert and David, Turner Paris OECD Publishing 2022 1 Online-Ressource (22 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1729 This paper uses a new measure of human capital, which distinguishes both quality and quantity components, to estimate the long-term effect of the COVID-19-related school closures on aggregate productivity through the human capital channel. Productivity losses build up over time and are estimated to range between 0.4% and 2.1% after 45 years, for 12 weeks and 2 years of school closure, respectively. These results appear to be broadly consistent with earlier findings in the literature. Two opposing effects might influence these estimates. Online teaching would lower economic costs while learning losses in tertiary education (not considered here) would inflate them. Policies aimed at improving the quality of education and adult training will be needed to offset or, at least, alleviate the impact of the pandemic on human capital. Economics Égert, Balázs MitwirkendeR ctb Turner, David MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/eea048c5-en Volltext |
| spellingShingle | de la Maisonneuve, Christine Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel Economics |
| title | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel |
| title_auth | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel |
| title_exact_search | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel |
| title_full | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel Christine, de la Maisonneuve, Balázs, Égert and David, Turner |
| title_fullStr | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel Christine, de la Maisonneuve, Balázs, Égert and David, Turner |
| title_full_unstemmed | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel Christine, de la Maisonneuve, Balázs, Égert and David, Turner |
| title_short | Quantifying the macroeconomic impact of COVID-19-related school closures through the human capital channel |
| title_sort | quantifying the macroeconomic impact of covid 19 related school closures through the human capital channel |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/eea048c5-en |
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