000			03202cam a22003857 4500
001			w27773
003			NBER
005			20211020103538.0
006			m o d
007			cr cnu||||||||
008			210910s2020 mau fo 000 0 eng d
100	1		_aFuchs-Schündeln, Nicola. _910817
245	1	4	_aThe Long-Term Distributional and Welfare Effects of Covid-19 School Closures / _cNicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig, Irina Popova.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2020.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w27773
500			_aSeptember 2020.
520	3		_aUsing a structural life-cycle model, we 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. We 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. We 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.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aD15 - Intertemporal Household Choice • Life Cycle Models and Saving _2Journal of Economic Literature class.
690		7	_aD31 - Personal Income, Wealth, and Their Distributions _2Journal of Economic Literature class.
690		7	_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class.
690		7	_aI24 - Education and Inequality _2Journal of Economic Literature class.
700	1		_aKrueger, Dirk.
700	1		_aLudwig, Alexander. _915659
700	1		_aPopova, Irina.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w27773.
856	4	0	_uhttps://www.nber.org/papers/w27773
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w27773
942			_2ddc _cW-PAPER
999			_c320350 _d278912