Lost Wages : The COVID-19 Cost of School Closures
Social distancing requirements associated with COVID-19 have led to school closures. In April, 192 countries had closed all schools and universities, affecting more than 90 percent of the world's learners: over 1.5 billion children and young...
| Main Authors: | , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/702401598463119393/Lost-Wages-The-COVID-19-Cost-of-School-Closures http://hdl.handle.net/10986/34387 |
| Summary: | Social distancing requirements
associated with COVID-19 have led to school closures. In
April, 192 countries had closed all schools and
universities, affecting more than 90 percent of the
world's learners: over 1.5 billion children and young
people. Closures are expected to reduce schooling and lead
to future losses in earnings. Starting from the assumption
that every additional year of schooling translates to 8
percent in future earnings, this paper estimates and
confirms the loss in marginal future earnings on the basis
of a four-month shutdown. The authors also estimated the
losses by level of education. The findings show that the
school closures reduce future earnings. It is also likely
that students from low-income countries will be affected
most, where the earning losses will be devastating. These
estimates are conservative, assuming closures end after four
months, with schools re-opening in the new academic year,
and that school quality will not suffer. |
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